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| 11/11/2005 00:45 As (also)reported by Interfax, the Economic Development and Trade Ministry has coordinated the documents for removal of the ring fence around Gazprom shares, which are currently being reviewed by the Justice Ministry. The State Duma Energy, Transport and Communications Committee will look at it next week at its November 15 meeting After a review by the Committee, the State Duma’s Council could schedule the date of its hearing at a plenary session.
This seems to mean ring fence removal in 2005 or early 2006 (and some weeks ahead did not matter to the market and some more won´t. It doesn´t matter and Gazprom is still the same good old investment. Hopefully some traders will sell their shares to us investors on news of just som weeks possible delay that will not change anything at all.
IntOilTrust | |
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| 11/11/2005 11:22 This headline is actually not correct, but an assumtion and this should be clear not to fool anyone. There may be a delay for some weeks but as will look at it next week there is proof for progress and even rapid progress and gives more of a positive signal than this sceptic outlook.
IntOilTrust | |
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| 11/11/2005 11:40 Gazprom today says it reached an agreement for five years allowing it to increase export with 8 bcm. The transit of Uzbek and Turkmen natural gas via Kazakhstan will increase to 55 billion cubic meters from the current 47 billion (17%). Turkmenistan is to supply up to 10 billion m3 in 2006; 60 to 70 billion m3 in 2007; and between 63 and 73 billion m3 in 2008. From 2009 on, Gazexport will be importing between 70 and 80 billion m3 of Turkmen gas annually.
IntOilTrust | |
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| 11/11/2005 12:06 FAS has permitted Gazprom to buy large stakes (up to 49%) in Moscow energy companies thereby letting Gazprom grow in the Energy sector(according to Vemosti).
The last weeks Gazprom showed has been delivering a serie of good news and the owners of this rare stock are selling even less expensive. Sooner or later the positive evoluation presented will transform into share value. The slow market will catch up.
The many reasons for accumulating Gazprom now before the catapult effect when ring fence removal in 2005 or early 2006 a child can understand
IntOilTrust | |
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| 11/11/2005 12:38 According to Alexander Medvedev this year’s export revenues will be around USD 25 billion.
Next year 2006 Gazprom will probably get an extra $2 billion from Poland and Ukraine and another
$5 billion on growth in European prices. It will generate at least $5 billion from export of Sibneft crude.
Today Gazprom signed a deal rising gas delivery capacity from Turkmenistan 8-10 bcm.
At least it will allow Gazprom to reach and probably breach the 2006 budget goals.
The additional export revenues compared to this years revenues gives some clues.
IntOilTrust | |
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| 11/11/2005 13:43 Why Interfax seems to hava an hidden agenda the way they present news about Gazprom ring fence removal. Good news:
Gasprom is likely to raise the Armenia tariff on natural gas to USD 120 per 1,000 cubic meters from USD 56.
Gazprom has already declared that it is raising the price of gas exports to Georgia to USD 120 beginning alreday in January 2006. Quite a lot in percent. Georgia does not produce gas and imports the bulk of it from Russia.
As for Ukraine: Turkmenistan are now the top supplier to Ukrainian gas market, at comparatively low prices that will raise. Turkmen gas must be routed via Russia to reach Ukraine and this will stop in 2007 then all this gas can be sold to the higher-priced European market. At the time being Gazprom reaps the rewards of securing transit revenue (via its stake in the RosUkrEnergo joint venture that is currently supplying Turkmen gas to Ukraine, all the while freeing up its own gas supplies for export to the higher-priced European market. However, Gazprom is eager to force Ukraine to pay more for gas supplies from 2006, and with a move towards a cash-based supply agreement to Ukraine, the Russian gas firm is likely to take more interest in its market share there.
IntOilTrust | |
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| 11/11/2005 13:59 More good growing news: Gazprombank said yesterday the company will acquire up to 35% in all companies spun off from Mosenergo.
FAS has already given the green light for the gas giant to proceed with the acquisitions. This news is positive for Gazprom. Gazprom seems to be positioning itself to take a controlling stake in Mosenergo after UES's split.
Gazprom need 45% to take control of Mosenergo given its current 10% stake in UES.
IntOilTrust | |
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| 11/11/2005 14:26 Local russian analysts remain relatively sanguine, having considered Gazprom's earlier targeting of a year-end deadline too optimistic. Renaissance's Adam Landes calls it "a disappointing development" but "hardly...price-moving for Gazprom, given that the intent to remove the ring-fence is still very much there."
IntOilTrust | |
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| 11/11/2005 15:16 Russia takes over the presidency of the G-8 at the beginning of next year, and it is still quite clear that the Kremlin is determined to make sure that they are not embarrassed in the company of the world’s best-run economies. For that reason, they will be pushing hard to bring down the ring fence as close to schedule as they can manage. So while there could well be delay, it is unlikely to be as protracted as previous history with the ring fence might suggest. Who wants to be the one to blame for such a failure. Putin promised this so long he should be embarrased himself for any significant delay.
IntOilTrust | |
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| 11/11/2005 15:20 Luoil will double gas output. Robust growth rates in gas extraction are attributable to the fact that Gazprom and Lukoil had agreed to tie in the Nakhodka gas field to the Unified Gas Supply System. In this Gazprom is the company pointed out as a winner.
IntOilTrust | |
