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UPDATE 2-Russia's Putin puts Rosneft one step closer to gas exports to Europe

Tue, 07th Dec 2021 09:40

(Adds gas prices, gas exports data)

By Vladimir Soldatkin

MOSCOW, Dec 7 (Reuters) - Russian President Vladimir Putin
has ordered the government to work out proposals by March 1 for
energy giant Rosneft to supply 10 billion cubic metres
of natural gas exports to Europe, Interfax news agency reported
on Tuesday.

Rosneft, Russia's largest oil producer, in which BP
owns an almost 20% stake, has long sought to make inroads into
the lucrative natural gas market in Europe, which its Chief
Executive Igor Sechin has said should help to ease pressure on
gas prices.

Some politicians and experts have accused Russia, a key
supplier of gas to Europe, of withholding deliveries of gas amid
delays in the certification of the Nord Stream 2 pipeline, as
gas prices have soared amid tight supplies and rising demand.

Kremlin-controlled Gazprom, which holds monopoly
right for gas exports via pipelines, sends it to Europe via a
number of routes.

Two of these, via Ukraine and the Yamal pipeline, are
underused, and if Rosneft secures export rights it may help to
ease pressure on the European gas market.

Moscow has said it is meeting all its contractual
obligations, something which its key buyers have confirmed.

Commodity prices were buoyed on Tuesday by easing concerns
over the impact of the Omicron coronavirus variant on global
fuel demand.

The Dutch day-ahead contract rose 7.43 euros to
95.00 euros per megawatt hour (MWh) in the morning, while the
benchmark Dutch front-month contract was up 5.50
euros, also at 95.00 euros/MWh.

Russian gas flows through the Yamal-Europe pipeline into
Germany at the Mallnow metering point on the Polish border were
at an hourly volume of more than 10 million kilowatt hours (kWh)
on Tuesday, broadly unchanged for the past two days.

Nominations for Tuesday's volumes at the Velke Kapusany
metering point on the Slovakia-Ukraine border, another major
route to Europe, were for 951,580.2 MWh or 87.5 million cubic
metres, similar to levels seen from the end of last week.
(Reporting by Anton Kolodyazhnyy; Writing by Vladimir
Soldatkin; Editing by Kirsten Donovan, Katya Golubkova and Jan
Harvey)

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11 Feb 2024 09:27

PRESS: BP to book USD700 million windfall on UK tax changes - FT

(Alliance News) - BP PLC is set to book a USD700 million windfall due to UK tax changes aimed at boosting corporate pension fund investment in the economy, the Financial Times reported on Saturday.

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9 Feb 2024 11:44

LONDON MARKET MIDDAY: European markets quiet heading into afternoon

(Alliance News) - European stock markets were quiet heading into Friday afternoon, as investors eye the annual US consumer price index benchmarks revisions.

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8 Feb 2024 16:06

UK dividends calendar - next 7 days

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6 Feb 2024 17:39

London close: Stocks manage gains as oil prices rise

(Sharecast News) - London's financial markets finished with a positive performance on Tuesday, driven by encouraging data from the UK construction sector and BP's share buyback expansion.

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6 Feb 2024 17:04

LONDON MARKET CLOSE: BP and Prudential help snap FTSE losing streak

(Alliance News) - Stock prices in London pushed higher on Tuesday, with the FTSE 100 registering its first rise in four trading days, with oil major BP the star performer.

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6 Feb 2024 12:10

LONDON MARKET MIDDAY: BP tops FTSE 100 index on buyback promise

(Alliance News) - The FTSE 100 was higher at midday Tuesday, despite lingering unease in equity markets on US interest rate worries, while BP led the way among London's large-caps as it announced a buyback plan.

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6 Feb 2024 09:04

TOP NEWS: BP promises buybacks and hikes dividend despite profit fall

(Alliance News) - BP PLC on Tuesday reaffirmed it is sticking to its commitment to share buybacks despite reporting a profit decline amid a fall in oil prices.

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6 Feb 2024 08:53

LONDON MARKET OPEN: BP jumps after unveiling share buyback

(Alliance News) - The FTSE 100 in London opened higher on Tuesday, with oil major BP at the top of the index, thanks to its new share buyback programme.

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6 Feb 2024 07:47

LONDON BRIEFING: BP promises buyback despite drop in profit

(Alliance News) - Stocks in London are called to open higher, ahead of a slew of construction purchasing managers' index readings from the eurozone, the UK and Germany.

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6 Feb 2024 07:02

BP unveils $1.75bn buyback as 2023 profits halve on weaker oil price

(Sharecast News) - Shares in BP surged on Tuesday as the energy giant announced a $1.75bn share buyback despite a slump in annual profits as oil prices fell during 2023 from the spike caused by Russia's invasion of Ukraine.

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2 Feb 2024 17:12

LONDON MARKET CLOSE: Stocks mixed as US jobs data dashes rate cut hope

(Alliance News) - Stock prices in London closed mixed, after hotter-than-expected US jobs data hit already precarious investor sentiment and all but ensured the Federal Reserve will not be cutting interest rates next month.

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2 Feb 2024 13:14

BP appoints Kate Thomson as its permanent finance chief

(Sharecast News) - BP announced the appointment of Kate Thomson as its new, permanent chief financial officer on Friday, effective immediately.

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2 Feb 2024 12:27

TOP NEWS: BP promotes Kate Thomson as permanent finance chief

(Alliance News) - BP PLC on Friday named Kate Thomson as its permanent chief financial officer, after being in the interim role since September.

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2 Feb 2024 12:09

LONDON MARKET MIDDAY: Airlines up but oil falls on Middle East talks

(Alliance News) - Stock prices in London were higher at midday Friday, ahead of the afternoon's US jobs data, as earnings from tech behemoths overnight lifted investor morale.

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2 Feb 2024 08:54

LONDON MARKET OPEN: European stocks lifted on Wall Street's gains

(Alliance News) - Stock prices in London opened higher on Friday, closing of a busy week of monetary policy decisions.

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