Gazprom: enjoying the European gas bounce, while it lasts | beyondbrics:
"Russian gas exports to Europe jumped by 25 per cent in September, continuing a year-on-year rally that has been supporting sentiment towards Gazprom’s stock. While investors in Gazprom can expect fatter dividends this year on the back of rising export earnings, there’s a risk that the surge in European demand for Russian gas will be short-lived.
Russian gas exports rose by 25 per cent year on year to 13.5bn cubic metres in September, Reuters reported on Tuesday citing preliminary Gazprom Export data. This brings Russia’s January to September gas exports to Europe to 118.4bn cu m, a 15.5 per cent increase year on year.
The latest results sets Gazprom on course to reverse a decline in exports that occurred last year – and maybe even overshoot its 152bn cu m export target in 2013."
'via Blog this'
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