Gazprom Increases 2015 Investment Plans by 22%

Russia’s Gazprom and Rosneft are revising their investments plans, with the gas giant revising upwards its 2015 investment plan and Rosneft announcing a deal to sell 8.99% interest in Italy’s Saras.

Meanwhile, Gazprom wrote that it has added 238.7 billion roubles to its 2015 investment programme, representing a 22% increase with respect to the preliminary figure. The revised figures indicate investments for 1.043 trillion roubles ($16.8 billion). 

ROSNEFT SELLS STAKE IN SARAS

‘The share sale was closed at a premium of over 38% to the initial purchase price and is an example of efficient portfolio management and optimization program of Rosneft. Rosneft will retain a 12% interest in Saras S.p.A. and the corresponding membership in the Board of Directors of Saras S.p.A’ reads a note released on Tuesday. 

NAFTOGAZ TRANSFERS $136 MILLION 

Also on Tuesday, Ukrainian officials said Naftogaz transferred another $136 million for supplies of Russian gas in October. The Ukrainian company is expected to transfer other $130 million by the end of the month. 

A few hours later, Naftogaz invited companies to use available gas transmission capacities booked by Naftogaz at Budince interconnection point on the Ukrainian-Slovak border.

‘Naftogaz is ready to discuss conditions for the use of available capacities with the companies wishing to import natural gas from Europe to Ukraine via the Slovak route’ reads an emailed statement.