S&P, Moody’s and Fitch affirm Gazprom’s long-term investment-grade ratings

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June 26, 2020, 21:15 In May-June 2020, international ratings agencies S&P Global Ratings, Moody’s Investors Service and Fitch Ratings affirmed Gazprom’s long-term credit ratings as part of their annual reviews. As before, all these ratings are investment-grade with a stable outlook. The S&P (ВВВ-) and Fitch (BBB) ratings correspond to the sovereign credit rating of the Russian Federation, while the rating assigned by Moody’s (Baa2) is a notch…

Gazprom Dobycha Irkutsk helps northern regional healthcare and educational institutions

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Background Gazprom Dobycha Irkutsk, a wholly-owned subsidiary of Gazprom, is the development operator of the Kovyktinskoye gas and condensate field which, along with the Chayandinskoye oil, gas and condensate field in the Republic of Sakha (Yakutia), serves as the resource base for the Power of Siberia project. The Kovyktinskoye gas and condensate field is the basis for creating the Irkutsk gas production center as part of the Eastern Gas Program. The company’s production…

Serebrennikov Trial: Russia Gives Suspended Sentence to Prominent Director in Fraud Case

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A Moscow court has handed a suspended sentence to prominent theater director Kirill Serebrennikov, a surprise legal victory in a fraud case his supporters say was politically motivated and a test of artistic freedom in Russia. Suspended sentences are widely seen as the lightest punishment in Russia’s legal system, which rarely issues not-guilty verdicts. The sentencing…

Interview with Alexey Miller, Chairman of Gazprom Management Committee, on outcomes of Shareholders Meeting

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Gazprom has a clearly outlined goal-setting system. Among our goals is the annual replenishment of the resource base. Thanks to geological exploration activities, our reserve replacement ratio consistently exceeds 1. It has been like this for the past 15 years, and it will remain so in 2020. Yamal accounts for the bulk of the new reserves. This year has already seen a discovery of another major field in the…

Viktor Zubkov reelected as Chairman and Alexey Miller as Deputy Chairman of Gazprom Board of Directors

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June 26, 2020, 14:10 A meeting of the Company’s newly elected Board of Directors was held in absentia. The meeting resolved to elect Viktor Zubkov as Chairman of the Gazprom Board of Directors. Alexey Miller Chairman of the Gazprom Management Committee was named as Deputy Chairman of the Company’s Board of Directors. The Board of Directors formed the Audit Committee. The Committee is made up of Mikhail Sereda, Member of the Company’s Board of Directors, and two independent directors Viktor Martynov and Vladimir Mau,…

Gazprom Gazoraspredeleniye Belgorod accepting online applications for utility connections

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News from projects and regions June 26, 2020, 12:30 Gazprom Gazoraspredeleniye Belgorod is providing an opportunity for Belgorod residents to file an online application for a utility connection. To save time and ensure safety amid the pandemic, customers can submit applications via the corporate website of Gazprom Gazoraspredeleniye Belgorod. The procedure for filing an application is simple and intuitive. The list of required documents can…

Gazprom’s annual General Shareholders Meeting elects new Board of Directors

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Based on the voting results, the annual General Shareholders Meeting of Gazprom formed the Company’s Board of Directors composed as follows: 1. Akimov, Andrey Igorevich Chairman of the Management Board, Gazprombank (Joint Stock Company) 2. Kulibaev, Timur Askarovich Chairman of the Legal Entities Association “Kazakhstan Association of Oil, Gas and Energy Sector Organizations (KAZENERGY),” Chairman of the Presidium of the National Chamber of Entrepreneurs, Republic of Kazakhstan (Atameken) 3.…

Gazprom’s annual General Shareholders Meeting makes decisions on all agenda items

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June 26, 2020, 12:10 The annual General Shareholders Meeting of Gazprom was held in the form of absentee voting. The Shareholders Meeting made decisions on all agenda items. The Meeting approved the Company’s 2019 Annual Report and Accounting (Financial) Statements. It was resolved to allocate the Company’s profit based on the results of 2019. The Meeting approved the dividend amount: RUB 15.24 per share based on Gazprom’s operating results in 2019. The dividend…

Coronavirus in Russia: The Latest News | June 26

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There have been 620,794 cases of coronavirus infection reported in Russia so far and 8,781 deaths. June 26: 3 things you need to know today About 20% of Moscow residents have coronavirus immunity, deputy mayor Anastasia Rakova said Friday, citing a new study. Russia’s flagship carrier Aeroflot has been secretly flying passengers abroad for nearly a month despite state-mandated grounded flights…

Russia Passes 620K Coronavirus Cases

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Moscow lifted restrictions including compulsory travel passes on June 8, a move welcomed by residents who rushed out to enjoy the streets and parks. Many other regions are lifting lockdown restrictions as Russia is preparing to hold a July 1 national vote despite the pandemic.    President Vladimir Putin is seeking public backing for constitutional amendments that…

Anti-Putin Shaman Recognized as Political Prisoner

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A self-described Siberian shaman critical of President Vladimir Putin is a political prisoner being persecuted for his beliefs, the Memorial human rights organization said Thursday. Authorities committed Alexander Gabyshev to a mental asylum earlier in June following his three attempts to trek 8,000 kilometers from his hometown of Yakutsk to “banish” Putin from the Kremlin.…

Quorum present for all items on Shareholders Meeting agenda

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June 26, 2020, 09:00 The Counting Board finished counting the votes on the agenda of Gazprom’s annual General Shareholders Meeting. A quorum is present with regard to all agenda items. Shareholders from Russia and a number of foreign countries took part in the Shareholders Meeting. As of June 1, 2020, the list of persons eligible to take part in the Meeting included 706,727 accounts with a total of 23,673,512,900 shares.…