Gas shipments to Europe and Turkey, key revenue regions, will probably reach record highs for the full year, Gazprom said.
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“Gazprom gas is attractive for European customers now ahead of the winter season”, said Alexander Kornilov, an analyst at Alfa Bank in Moscow.
People in front of the Gazprom company building in Moscow yesterday.
Shell had pre-existing deals to work with Gazprom in other fields but those would not be impacted by these sanctions, which relate only to new projects.
The Yuzhno-Kirinskoye field, 35km northeast of Sakhalin Island and 6km southeast of the Kirinskoye field, was discovered in 2010 and is the subject of preparations for development by operator Gazprom.
Gazprom PJSC, the world’s biggest natural gas producer, said first-quarter profit rose 71 percent, beating analyst estimates, as a weaker ruble countered lower fuel prices and falling volumes.
The net profit of 382bn rubles ($5.9bn) compared with 223bn rubles in the first quarter of 2014, the company said in a statement.
Gazprom acknowledged that the result was in no small way attributable to the “increase in average prices in ruble terms”.
Profit at Gazprom, Russia’s main firm by valutation, give them when oil’s decline thought out on commerce costs because of its smoke, which happen to be connected to organic underneath most agreements. The U.S. on Friday placed sanctions on a huge offshore oil-and-gas field in Russia’s east, likely scuppering Gazprom’s hopes of increasing the capacity of its LNG facility there, which delivers gas to Asia.
Total marketing roze wijn 6 percent to one.65tennessee rubles.
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Gazprom has recently encountered difficulties with some of its partners, including conflict-hit Ukraine.
