Gazprom, Belarus still in gas talks as deadline slips

(Reuters) - If the dispute escalates further, it has the potential to
disrupt gas supplies to Europe.




"Beltransgas's delegation arrived for talks yesterday, the
talks were held in the night and are still continuing. Gazprom
will give information on the first results at around 1100 ," a Gazprom spokesman told Reuters.


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Russian Stocks Fall After U.K. Expels Diplomats; Gazprom Lead the Decline

(Bloomberg) -- Russian stocks dropped for the first
time in five days after the U.K. expelled four Russian
diplomats, adding to political tensions between the two
countries. OAO Gazprom led the retreat.

``Politics is certainly affecting sentiment this morning,''
said Julian Rimmer, head of sales trading at UralSib Financial
Corp. in London.


Read more at Bloomberg Emerging Markets News

Total Picked to Develop Gazprom's Shtokman Gas Field, Own 25 Percent Stake

(Bloomberg) -- OAO Gazprom, the world's largest
natural-gas producer, chose Total SA to help develop Shtokman, an
Arctic offshore field that may hold enough natural gas to supply
Europe for more than three years.

Paris-based Total will take 25 percent in an operating
company to develop the project, while the Russian company will
hold the rest, Gazprom Chief Executive Officer Alexei Miller said
in an e-mailed statement. Gazprom scrapped its original plan to
let foreign partners take an equity stake in the project in
October.


Read more at Bloomberg Energy News

Gazprom Says It Expects Record $38.1 Billion in Gas Exports This Year

(Bloomberg) -- OAO Gazprom, Russia's state-controlled
natural-gas export monopoly, expects to sell a record $38.1 billion
of fuel to Europe this year, Deputy Chief Executive Officer
Alexander Medvedev told reporters in Moscow today.

Export volumes to Europe will rise this year, Medvedev said,
denying a previous report that a warm winter had cut into sales.
Gazprom supplies a quarter of Europe's gas.


Read more at Bloomberg Emerging Markets News

Russian Stocks Advance, Led by Gazprom, Rosneft: World's Biggest Mover

(Bloomberg) -- Russian stocks climbed, paced by OAO
Gazprom, OAO Rosneft and OAO Lukoil after oil futures gained in
New York.

The ruble-denominated Micex Index rose 3.2 percent to
1662.71, posting the biggest move among equity markets included
in global benchmarks. Twenty-six stocks advanced and four
retreated. The dollar-denominated RTS Index added 3.5 percent to
1870.11.


Read more at Bloomberg Stocks News

European shares off to strong start; Centrica eyed

(Reuters) - Centrica gained 4.6 percent to top European gainers after Russian gas group Gazprom said it was nearing a deal to increase its British market presence.




Gazprom has said it is interested in Centrica as well as a host of other European companies.


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