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Joint Stock Company Gazprom Promgaz (Russian: Акционерное Общество "Газпром промгаз", abbreviated JSC Gazprom Promgaz, (Russian: ОАО "Газпром промгаз"), IPA: [ɡɐsˈprom promˈɡas]) is a Russian company that specializes in structural engineering, design, research, heating, the electric power market, and other services related to natural gas.
In the second half of 2022 and into 2023 Gazprom probably did not make a profit at all as a result of falling exports. [179] Overall Gazprom made a profit of 1.226 trillion roubles ($15.77 billion) in 2022, down 40%, after an extra tax was levied in late 2022.
However Gazprom was exempt from the rise; this resulted in February 2023 in complaints from Novatek. [ 44 ] Novatek's Yamal LNG does not benefit from the elevated tax exemption, but has a tax break with a 13.5% tax rate for 12 years or until production reached 250bcm [ 44 ] and is also exempt from export taxes and mining taxes for nine years.
The state-owned Russian energy firm earned £39m from its Dutch-UK gas field in 2022, accounts show.
In October 2023 Bulgaria attempted to force Lukoil to sell its Lukoil Neftohim Burgas refinery. [ 16 ] A US Treasury report in May 2023 highlighted that Russian oil exports were continuing to rise, providing stability in the world market, as planned, whilst Russia's revenue was being restrained by the price cap to $5–6 billion per month ...
Gasprom expects exports of gas in 2023 to be half of 2022. [5] Russian gas production in 2023 is expected to fall from 673bcm to 630Bcm with Gazprom production falling from 412.6Bcm to 390Bcm. [39] 2023 Exports to Europe total just 8.14Bcm in first 4 months of 2023, [40] with gas continuing to move through a Ukraine pipeline at 40-42mcm per day.
For the registration, a set of documents must be submitted to the FSMC, and the procedure usually takes 30 days to enact. Since 1 September 2014 there have been some changes enacted in the Russian Civil Code: Joint-stock companies can be public and nonpublic – they are no longer called "open" and "closed", respectively.
[100] In 2020, the Stockholm Arbitral Tribunal ruled that PGNiG's long-term contract gas price with Gazprom linked to oil prices should be changed to approximate the Western European gas market price, backdated to 1 November 2014 when PGNiG requested a price review under the contract. [101] [102] Gazprom had to refund about $1.5 billion to PGNiG.