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    GAZP   RU0007661625

PUBLIC JOINT STOCK COMPANY GAZPROM

(GAZP)
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Public Joint Stock Gazprom : U.S. Senate panel sets hearing on Russian gas pipeline amid Ukraine concerns

09/23/2021 | 11:49am EDT

WASHINGTON, Sept 23 (Reuters) - The U.S. Senate Foreign Relations Committee scheduled a closed-door hearing on Sept. 29 to discuss Russia's Nord Stream 2 natural gas pipeline, which several lawmakers say could harm allies in Eastern Europe.

Amos Hochstein, senior adviser for energy security at the U.S. Department of State, will testify, according to the committee's website.

Both European and U.S. lawmakers, including both Democrats and Republicans, opposed the $11 billion pipeline, which could allow Russia to double lucrative gas exports to Germany and other parts of Europe while bypassing and cutting off a source of income for political foe Ukraine.

Russia's Gazprom said earlier this month it had finished construction of the pipeline, which would deliver gas from the Arctic via the Baltic Sea.

The Biden administration has urged Germany to find ways to ensure Russia cannot use the pipeline to harm Ukraine or other allies in Eastern Europe.

The Biden administration concluded in May that Nord Stream 2 AG, the company behind the project, and its chief executive engaged in sanctionable behavior. But President Joe Biden waived the sanctions to allow time to work out a deal and continue rebuilding ties with Germany that were badly frayed during former President Donald Trump's administration.

The president is under intense pressure from members of Congress to halt the waiver and impose the sanctions. Republican Senator Ted Cruz, a member of the foreign relations committee, is holding up many of Biden's nominees for State Department posts until the sanctions are put in place.

(Reporting by Patricia Zengerle; Editing by Lisa Shumaker)


© Reuters 2021
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Financials (USD)
Sales 2021 137 B - -
Net income 2021 30 936 M - -
Net Debt 2021 42 858 M - -
P/E ratio 2021 3,93x
Yield 2021 12,2%
Capitalization 121 B 120 B -
EV / Sales 2021 1,19x
EV / Sales 2022 1,11x
Nbr of Employees 477 600
Free-Float 50,5%
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Mean consensus BUY
Number of Analysts 10
Last Close Price 5,10 $
Average target price 5,78 $
Spread / Average Target 13,4%
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Managers and Directors
Alexei Borisovich Miller Deputy Chairman & Chairman-Management Board
Viktor Alexeevich Zubkov Chairman
Denis Vladimirovich Fedorov Head-Marketing & Administration Department
Yuri Stanislavovich Nosov Head-Administration Department
Timur Askarovich Kulibayev Independent Director
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