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Gazprom cancels dividend for first time since 1998, shares dive. Germany seizes tankers.
June 30, 2022
5:20 AM EDT
Last Updated 3 hours ago
Gazprom cancels dividend for first time since 1998, shares dive
Reuters
• This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine.
MOSCOW, June 30 (Reuters) - Russian gas giant Gazprom (GAZP.MM) has decided not to pay dividends on last year's results, the first time it will not pay out since 1998, sending its shares plunging 27%.
"The shareholders decided that in the current situation it is not advisable to pay dividends based on the 2021 results," Deputy CEO Famil Sadygov said.
He added that Gazprom would rather focus on Russian regional gasification, preparation for the heating season and paying increased taxes.
{snip}
5:20 AM EDT
Last Updated 3 hours ago
Gazprom cancels dividend for first time since 1998, shares dive
Reuters
• This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine.
MOSCOW, June 30 (Reuters) - Russian gas giant Gazprom (GAZP.MM) has decided not to pay dividends on last year's results, the first time it will not pay out since 1998, sending its shares plunging 27%.
"The shareholders decided that in the current situation it is not advisable to pay dividends based on the 2021 results," Deputy CEO Famil Sadygov said.
He added that Gazprom would rather focus on Russian regional gasification, preparation for the heating season and paying increased taxes.
{snip}
The Telegraph
Germany seizes three Gazprom tankers in new blow for Putin - live updates
James Warrington
Wed, June 29, 2022, 1:12 PM · 33 min read
The German government has taken control of three liquefied natural gas ships from Russian energy giant Gazprom.
US-listed Dynagas LNG Partners said Germany’s energy network regulator assumed control of three vessels “for an indefinite period of time” after Berlin took ownership of Gazprom Germania in April.
{snip}
Germany seizes three Gazprom tankers in new blow for Putin - live updates
James Warrington
Wed, June 29, 2022, 1:12 PM · 33 min read
The German government has taken control of three liquefied natural gas ships from Russian energy giant Gazprom.
US-listed Dynagas LNG Partners said Germany’s energy network regulator assumed control of three vessels “for an indefinite period of time” after Berlin took ownership of Gazprom Germania in April.
{snip}