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Russian Roulette: focus on Gazprom and related risks

Russian Roulette: focus on Gazprom and related risksWe would like to share some information with you in the light of this week’s Gazprom roadshow in Switzerland, arranged by UBS Investment Bank AG, BNP Paribas SA and OAO Gazprombank, and the upcoming sale of Gazprom’s first Swiss franc bond since 2009, putting the company on course to issue the most debt in currencies other than dollars in six years. We believe any investor, service provider or financial business partner of Gazprom should be aware of the existing risks and should use the opportunity to ask Gazprom representatives some of the suggested questions outlined at the end of this briefing. According to interfax on Oct. 5, the company’s spending may increase 46 percent next year to 1.03 trillion rubles ($31.9 billion) and therefor it needs to acquire a lot of new credits. North Yamal, Stokhman and the Arctic (Prirazlomnoye and Dolginskoye fields in the Pechora sea) are key areas next to the 16-billion-euro South Stream link to Europe and planning facilities in Russia’s Far East to expand into Asia. Image source: greenpeace.org. More…

Message received by Covalence | Country: Russia | Company: Gazprom | Source: Greenpeace

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