Page 18 - FSUOGM Week 40

FSUOGM NEWS IN BRIEF FSUOGM

RUSSIA Eurobonds with a call option in five years. Moldova starts to deliver
Gazprombank, J.P. Morgan, Credit
Transneft surprises on Agricole CIB and Sberbank CIB are the gas for storage in Ukraine
organisers.
dividends for 2019 Moldova plans to pump about 100mn cubic
metres of gas into Ukrainian underground gas
Russian state oil pipeline operator Transneft Urals oil price falls by 8% storage facilities for storage, Sergiy Makogon,
has recommended paying a RUB11,612 CEO of Gas Transmission System Operator
($150) dividend per share for 2019, in line to $40.91 in Sept of Ukraine, (GTSOU) wrote on his Facebook
with the 50% net profit guidance previously account on October 2.
outlined by the government. The average price of the Urals oil blend, "The first deliveries have already begun.
Most recent reports suggested that Russia’s key export, shrank by 8% on the According to Moldovagaz, it is planned to
Transneft and Russian Railways (RZD) month and by 33% on the year to U.S. $40.91 pump about 100 mcm of gas during October-
lacked a clear decision on 2019 dividends, per barrel in September, as seen by PRIME in November," Makogon said.
despite the Finance Ministry counting on the materials of the Finance Ministry on last According to Makogon, the issue of
their compliance with the 50% of IFRS net week. creating a gas reserve for Moldova in
profit payout requirement. In January–September, the price fell to Ukraine began to be actively discussed in the
BCS Global Markets commented $40.84 per barrel from $64.15 per barrel in summer of 2019, when there was uncertainty
on September 30 that the dividend the same period of 2019.. over the continuation of transit through
announcement was long awaited and Ukraine.
surprised on the positive side, corresponding "Such a reserve guarantees the energy
to an estimated 7.8% dividend yield. security of Moldova and reduces dependence
"We have no doubts that the government EASTERN EUROPE on a single gas supplier," Makogon said.
will approve the proposed DPS size today In December 2019, GTSOU,
and the company will pay 50% from adjusted Naftogaz mulls exporting Moldovatransgaz and Moldovagaz signed an
net income under IFRS in October," BCS interconnection agreement on interaction
GM noted, seeing a lower risk that the gas to EU in accordance with European rules
dividends will be postponed or broken down from January 1, 2020. This step allowed
into instalments. Ukraine's state-run oil and gas company transporting gas in line with European
Previously Transneft proposed paying Naftogaz may start exporting natural gas rules in both directions between Ukraine
the 2019 dividend per share (RUB11,200) in to the EU countries in the coming heating and Moldova through the junctions of
several instalments, with 50% being paid this season, Serhiy Pereloma, the company's acting Oleksiivka, Hrebenyky, Causeni, Ananyiv
year and the rest distributed in equal parts head, announced on October 5. and Lymanske.
over the next three years. This year, the ... filling of Ukrainian gas It fully completed the unblocking of
storage facilities will reach [its] highest the Trans-Balkan gas corridor and allowed
level in the past ten years," he was quoted consumers in Moldova to receive gas from
Gazprom’s share of as saying by Interfax Ukraine on October the Ukrainian gas transmission system from
January 1, 2020.
5. "Accordingly, on the part of the UGS
Europe’s gas market falls to operator, we have done everything necessary
to ensure that the next heating season passes
28% in Jan–Jun without crises."
"We do not rule out that in case of a
The share of Russian gas giant Gazprom on favourable situation on the European market, CENTRAL ASIA & SOUTH
Europe’s gas market fell to 28% in January– Ukraine will start its gas export to the EU,"
June from 36% in 2019, as seen by PRIME in he went on to say. "Domestic UGS facilities CAUCASUS
the company’s materials last week. currently have enough reserves to not only
Gazprom exported 78bn cubic meters of provide heat to Ukrainians, but also to Turkmenistan and
gas to Europe in January–June. receive additional income from gas sales
abroad." Afghanistan sign
According to Ukrtransgaz, Ukraine's gas
Gazprom to place perpetual pipeline operator, out of the available 28bn agreements on TAPI gas
cubic metres of gas in the UGS facilities,
Eurobonds in dollars, euros foreign traders store 9.7 bcm of gas in a pipeline among other
customs warehouse mode, and resident
Russian gas giant Gazprom plans to offer companies 1.3 bcm. projects
perpetual Eurobonds denominated in the The system of 12 underground storage
US dollars and euros, a financial source told facilities of Ukrtransgaz, 100% of which Turkmenistan and Afghanistan on September
PRIME last week belongs to Naftogaz, has a total design 30 signed documents on the construction of
“The source said that the company would capacity of 31 bcm. the Turkmenistan-Afghanistan-Pakistan-India
hold a series of calls with investors on (TAPI) gas pipeline, Turkmenistan’s Foreign
Tuesday in order to place two tranches of Ministry said on October 1.

P18 www. NEWSBASE .com Week 40 07•October•2020