Tag: Region

Gazprom and OMV extend gas supply deal until 2040 – Region, 7 June 2018

Russian gas company Gazprom and Austrian OMV Group have extended the contract for the supply of Russian natural gas to Austria until 2040. The previous contract was supposed to expire in 2028. The contract was signed by CEO’s of the two companies – Alexey Miller and Rainer Seele in the presence of Russian President Vladimir […]

IAP project joint company to be established by September – Region, 6 June 2018

SOCAR Balkan, a subsidiary of the State Oil Company of Azerbaijan that covers Balkans area, said that by September four southeastern countries will established a joint company to implement the project for the construction of Ionian-Adriatic (IAP) gas pipeline. CEO of SOCAR Balkan Murad Heydarov said that Albania, Bosnia and Herzegovina, Croatia and Montenegro will […]

Gazprom’s net profit increased in Q1 2018 – Region, 1 June 2018

Russian gas company Gazprom said its net profit rose by 11 % in the first quarter of 2018, to almost 6 billion dollars, exceeding estimates due to higher gas prices and higher sales. In Europe, Gazprom’s natural gas sales grew by 28 % in the first three months of the year, while prices rose by […]