Gazprom news

December highlights

The Gazprom Board of Directors approved the Company’s Investment Program, financial plan, and cost reduction program for 2017.

Six new CNG filling stations of Gazprom were brought into service in Tatarstan.

The following documents were signed:

  • the contract between South Stream Transport B.V. (a wholly-owned subsidiary of Gazprom) and Allseas Group S.A. to build the first string of the TurkStream gas pipeline’s offshore section with an option for laying the second string;
  • the Agreement of Cooperation between Gazprom and the Agency for Natural Resources and Energy under Japan’s Ministry of Economy, Trade and Industry;
  • the Agreement of Strategic Cooperation between Gazprom and Mitsui & Co., Ltd, providing for collaboration in various areas, including Sakhalin II project expansion and LNG bunkering;
  • the Agreement of Strategic Cooperation between Gazprom and Mitsubishi Corporation, stipulating the development of cooperation in the LNG sector, including joint efforts in adding the third train to the Sakhalin II LNG plant;
  • the Agreement of Cooperation between Gazprom and KOGAS, providing for a broader cooperation in the field of LNG supplies from Russia to South Korea;
  • the Agreement between Gazprom, Japan's Mizuho Bank, Ltd. (Mizuho) and Sumitomo Mitsui Banking Corporation (SMBC), and U.S.-based JPMorgan Chase Bank, N.A. (J.P. Morgan) to provide a four-year EUR 800 million facility to Gazprom;
  • the Basic Agreement regarding the asset swap between Gazprom and OMV, according to which Gazprom will receive a 38.5 per cent stake in OMV Norge AS, a company focused on geological exploration and production in Norway. In exchange, OMV will obtain a 24.98 per cent stake in the project for developing Blocks 4A and 5A of the Achimov formations in the Urengoyskoye field;
  • the additional agreements between Gazprom, OMK, ChelPipe, and Severstal to adopt formula pricing for pipe fittings;
  • the Memorandum of Understanding between Gazprom and JBIC, outlining the basic principles of cooperation in securing financing for Gazprom’s projects with the involvement of Japanese companies;
  • the Memorandum of Understanding between Gazprom and NIGC, outlining potential areas of cooperation between the companies;
  • the 2017–2019 Program for scientific & technical cooperation between Gazprom and Rosatom;
  • the 2017–2019 Program for scientific & technical cooperation and partnership between Gazprom and Schneider Electric.

Alexey Miller moderated the 35th Presiding Committee Meeting of the International Business Congress.

Sergey Khomyakov, Deputy Chairman of the Gazprom Management Committee, became a member of the Presidential National Council for Professional Qualifications.

The award ceremony for the 2016 edition of Gazprom’s Science and Technology Prize was held. The top prize went to the project by Gazprom UGS.

The world’s first Gas Transmission Museum opened in Moscow.

Gazprom and Wintershall Holding celebrated 25 years of successful scientific and technical cooperation.

Celebrations were held to mark the 20th anniversary of signing long-term contracts for Russian gas supplies to Hungary.

December 2016 

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