Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Russia
  4. Moscow Micex - RTS
  5. Public Joint Stock Company Gazprom
  6. News
  7. Summary
    GAZP   RU0007661625

PUBLIC JOINT STOCK COMPANY GAZPROM

(GAZP)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Public Joint Stock Gazprom : Shares in Russia's Novatek recover from fall after executive's U.S. arrest

09/24/2021 | 12:35pm EDT

MOSCOW, Sept 24 (Reuters) - Shares in Russia's Novatek recovered from an early tumble on Friday after the arrest in the United States of its deputy head, Mark Gyetvay, viewed by analysts as a key figure in investor relations as the gas producer expands.

The U.S. Department of Justice said on Thursday that Gyetvay had been arrested on tax charges related to $93 million hidden in offshore accounts. Gyetvay, who holds passports from both the United States and Russia, faces a lengthy prison sentence if convicted.

Novatek said in a statement it was seeking details of the arrest but added the move would not affect the firm's operations.

After falling as much as 4% in early trading on Friday, shares recovered to trade slightly up by the evening.

Novatek said Gyetvay had left the company's board of directors and the position of chief financial officer in 2014, saying that he "subsequently was not involved in financial activities of the company, including attracting financing."

Gyetvay has been the leading voice at Novatek, anchoring conference calls with investors and presenting the company at industry events as it seeks funds for liquefied natural gas (LNG) projects.

"He has played an important role in the company's strategic planning and he has been pivotal in establishing the excellent relations the company has with its shareholder base. Therefore, we expect a negative stock reaction in the short term," Russian VTB Bank said in a note to clients.

Gyetvay was ordered released on a $80 million bond by U.S. Magistrate Judge Douglas Frazier of the federal court for Florida's Middle District, according to court filings.

He was also ordered to appear before Judge Frazier on Sept. 30 for a bond status hearing.

Gyetvay did not immediately respond to a Reuters request for comment. Novatek declined to comment beyond its earlier statement.

New Jersey-born Gyetvay, 64, moved to Russia in 1995, working as a partner at PwC Global Energy. Russian President Vladimir Putin granted him a Russian passport in 2019, when he was at Novatek, in a move seen as potentially helping the U.S. national bypass some U.S. sanctions restrictions.

A Kremlin spokesperson said Russian diplomats were ready to provide legal assistance to Gyetvay in the United States.

"Because this individual is also a citizen of the Russian Federation, if I understand this correctly, he has dual citizenship, of course we are interested in his future and the circumstances of the case," Dmitry Peskov told a conference call.

Novatek commissioned Yamal LNG, its first LNG plant in the Arctic, in 2017. The project challenges state-controlled Gazprom , which has a monopoly on Russian gas via pipeline.

It wants to build more LNG plants in the Russian Arctic and is in the middle of efforts to attract more than 9 billion euros ($11 billion) for its Arctic LNG 2 project, to be raised from the Russian banks, Japan, China and others.

($1 = 0.8522 euros) (Reporting by Vladimir Soldatkin, Olesya Astakhova and Dmitry Antonov in Moscow; Additional reporting by Jonathan Allen in New York; Editing by Edmund Blair and Steve Orlofsky)


© Reuters 2021
All news about PUBLIC JOINT STOCK COMPANY GAZPROM
10/22PUBLIC JOINT STOCK GAZPROM : Ukraine offers Russia's Gazprom 50% tariff discount for extra..
RE
10/22PUBLIC JOINT STOCK GAZPROM : Gazprom and Mongolian Government discuss progress of feasibil..
PU
10/22PUBLIC JOINT STOCK GAZPROM : Development of Gazprom's processing complex to enhance effici..
PU
10/22PUBLIC JOINT STOCK GAZPROM : Gazprom creating record-high amount of working gas inventorie..
PU
10/22PUBLIC JOINT STOCK GAZPROM : Soaring energy prices weaken European industry's position, Po..
RE
10/22PUBLIC JOINT STOCK GAZPROM : Gazprom and Eni discuss prospects of low-carbon development o..
PU
10/22PUBLIC JOINT STOCK GAZPROM : On conclusion of major transaction by entity controlled by is..
PU
10/22POLSKIE GÓRNICTWO NAFTOWE I GAZOWNIC : PGNiG - important step in the Nord Stream 2 regulat..
AQ
10/22PUBLIC JOINT STOCK GAZPROM : Moldovan govt to ask parliament to back emergency energy move..
RE
10/22PUBLIC JOINT STOCK GAZPROM : Russia Offers 10% More Gas To Europe Once Germany OKs Nord St..
MT
More news
Analyst Recommendations on PUBLIC JOINT STOCK COMPANY GAZPROM
More recommendations
Financials (USD)
Sales 2021 137 B - -
Net income 2021 30 936 M - -
Net Debt 2021 42 858 M - -
P/E ratio 2021 3,93x
Yield 2021 12,2%
Capitalization 121 B 120 B -
EV / Sales 2021 1,19x
EV / Sales 2022 1,11x
Nbr of Employees 477 600
Free-Float 50,5%
Chart PUBLIC JOINT STOCK COMPANY GAZPROM
Duration : Period :
Public Joint Stock Company Gazprom Technical Analysis Chart | GAZP | RU0007661625 | MarketScreener
Technical analysis trends PUBLIC JOINT STOCK COMPANY GAZPROM
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Last Close Price 5,10 $
Average target price 5,78 $
Spread / Average Target 13,4%
EPS Revisions
Managers and Directors
Alexei Borisovich Miller Deputy Chairman & Chairman-Management Board
Viktor Alexeevich Zubkov Chairman
Denis Vladimirovich Fedorov Head-Marketing & Administration Department
Yuri Stanislavovich Nosov Head-Administration Department
Timur Askarovich Kulibayev Independent Director
Sector and Competitors
1st jan.Capi. (M$)
PUBLIC JOINT STOCK COMPANY GAZPROM68.46%120 481
SAUDI ARABIAN OIL COMPANY7.00%1 995 631
ROYAL DUTCH SHELL PLC42.47%186 994
PETROCHINA COMPANY LIMITED62.50%155 143
TOTALENERGIES SE24.09%134 531
EQUINOR ASA59.16%89 632