Subscribe free to our newsletters via your
. Military Space News .




OIL AND GAS
Gazprom gets AAA rating from Chinese agency
by Daniel J. Graeber
Shanghai (UPI) Feb 2, 2015


disclaimer: image is for illustration purposes only

Russian energy company Gazprom has one of the best outlooks in the industry despite sanctions, a Chinese credit rating agency said Monday.

Gazprom received a AAA rating, the highest possible, from the Dagong Global rating agency in China, opening the Russian company up for trade on the Hong Kong stock index. The ratings agency said most of the key factors underpinning the Russian company's outlook were among the best in the industry.

"The sanctions imposed by the United States and European Union, as well as the short-run deterioration of the Russian economy, impose little impact on the repayment capacity of Gazprom," the ratings agency said. "The local currency repayment capacity and foreign currency repayment capacity are both extremely strong."

The Russian company last week said net income during the third quarter fell 62 percent and sales were off about 6 percent year-on-year. Sanctions enacted in response to the Kremlin's policies in eastern Ukraine, coupled with low oil prices, have put pressure on the Russian economy and state-controlled businesses like Gazprom.

With a European economy looking to break the Russian grip on the region's energy sector, the Kremlin has shifted focus on building successful trade relations with Asia-Pacific economies. Gazprom last year signed a 30-year sales agreement with China that calls for 1.3 trillion cubic feet of natural gas per year through the so-called Power of Siberia pipeline.

Russian envoy to the Far East Yuri Trutnev said Monday the government was setting the stage for further regional economic development for 2015.

"Work will begin on creating advanced development territories and new enterprises," he said.

Russian industries in the region outperformed their peers for 2014, the envoy added.


Thanks for being here;
We need your help. The Space Media Network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceMediaNetwork Contributor
$5 Billed Once


credit card or paypal
SpaceMediaNetwork Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
Study details future of oil and gas development in the Western Amazon
Washington DC (SPX) Feb 01, 2015
The western Amazon--a vast region encompassing the Amazonian portions of Bolivia, Colombia, Ecuador, Peru, and western Brazil--is one of the world's last high-biodiversity wilderness landscapes. It is also home to an active hydrocarbon (oil and gas) sector, characterized by operations in extremely remote areas that require new access routes. In a new study published in the open-access jour ... read more


OIL AND GAS
Raytheon given $2.4B FMS contract for Patriot fire units

US delivers second radar defense system to Japan

US Ballistic Missile Defense Needs More Testing

Israel, US in abortive missile defence test

OIL AND GAS
Russia to Test Strategic Missile Forces in Unscheduled Drills

Russia Will Test Launch Iskander-M Missiles During March Drills

Navy authorizes SM-6 missile for more ships

Hezbollah chief threatens Israel over Syria strikes

OIL AND GAS
Raytheon acquires remote sensing, UAS tech company

Establishing a CODE for UAVs to fly together

Russia Develops Two New Drones, Ready for Testing

Drone entrepreneur settles US 'reckless flying' case

OIL AND GAS
U.S. EA-18G Growlers getting new electronic warfare system

Third MUOS Satellite Launched And Responding To Commands

USAF orders addditional Boeing rescue radios

MUOS-3 satellite ready for launch

OIL AND GAS
DRS touts new laser targeting gimbal

BAE Systems gets support contract for British Army vehicles

Prototype weapons launcher fitted onto B-52 bomber

Army opens THAAD training school

OIL AND GAS
Airbus DS sells Belgian electronics factory

Germany halts arms exports to Saudi Arabia: report

NATO chief urges Germany to lead way on defence spending

Four Afghan Guantanamo detainees repatriated: Pentagon

OIL AND GAS
Obama wraps India visit with pleas on religion, climate

China to hold military parade to 'frighten Japan': report

Modi in diplomatic balancing act as Obama visits India

Ukraine's 'Russian Woodpecker' takes stab at Putin

OIL AND GAS
ORNL researchers tune friction in ionic solids at the nanoscale

Silver nanowires demonstrate unexpected self-healing mechanism

Nanoshuttle wear and tear: It's the mileage, not the age

Nano-beaker offers insight into the condensation of atoms




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.