April 30, 2013 13:48
Serbian 2012 gas imports: little-known intermediary has half of market
MOSCOW. April 30 (Interfax) - Russian-Serbian Trading Corporation a.d. (RST), an intermediary in which Russian gas giant Gazprom (RTS: GAZP) declares ownership of just a minority stake, provided half of the natural gas imported by Serbia in 2012.
Gazprom's direct deliveries to Serbia dropped by half last year.
Serbia received 1.5 billion cubic meters of gas from the Gazprom group, including 740 million cubic meters from Gazprom Export and the rest in gas from Central Asian producers.
The Central Asian gas was supplied through RST, according to Gazprom's earnings report. Gazprom sold the gas to RST for 7.365 billion rubles, or about $310 per 1,000 cubic meters, compared with the $400 per 1,000 cu m Gazprom charged for direct deliveries. Thus, the Central Asian gas purchases provided 2 billion rubles in savings for Serbia. Gazprom lost nothing on the transaction because, unlike Russian gas, Central Asian gas is not subject to a 30% export duty.
RST delivered the gas on a give-and-take basis to Metanolsko-sircetni kompleks, a methanol-nitrogen complex in Kikinda, and the HIP-Azotara fertilizer plant in Pancevo.
RST is owned by two Switzerland-registered firms: Gazprom Schweiz AG from Zug (25.05%) and A-Energy Holding SA from Lugano (74.95%). Gazprom, Gazprom Export and Gazprom Schweiz, Gazprom's operator for resale of Central Asian gas in Europe, all declined to comment on the ownership structure of A-Energy Holding.
As it is, Russian gas is delivered to Serbia via an intermediary, Jugorosgas, which is co-owned by Gazprom, Gazprombank (RTS: GZPR) in the form of the Centrex trading company, and Serbia's state-run Srbijagas.
(Our editorial staff can be reached at firstname.lastname@example.org)
September 04, 2015
EU, U.S. may broaden sanctions on Russia unless DPR, LPR coordinate local elections with Kyiv - newspaper
OMV, along with BASF, may join blocks 4, 5 of Achimov deposits of Urengoi - agreement
MICEX and RTS Indexes at 13:00 MSK
Oil market to more or less stabilize by end of 2015, start of 2016 - Novak
Russia-Japan energy bridge to cost up to $6 bln-$7 bln, Japan might build power plant - Inter RAO
Russian oil, gas sector open for foreign investments, already 25% share in fuel, energy complex - Novak
Contact group participants hope to extend ceasefire in Donbas until agreement on weapons withdrawal signed - Deinego
Kyrgyz president to visit Iran on Sept 4-5
Presidents of Russia, Armenia to have negotiations in Moscow
CENTRAL BANK OF RUSSIA RUBLE EXCHANGE RATES FROM 05.09.2015
CB to quote ruble at 67.6850 rubles/$1 and 75.4011 rubles/EUR1 on September 5
Decision to open NATO staffs in Eastern Europe to foster confrontation with Russia - Grushko
Russia foreign trade surplus in 7M falls 18.1% to $106.9 bln - FCS