Despite the price of energy falling with oil, Gazprom has recently upped its stock prices despite that particular hurdle. This boost comes from two major factors. Firstly, Ukraine recently began to pay half a year’s worth of arrears on gas. Further, Hungary has decided to boost gas stores, meaning that they will be buying up Gazprom production. However, the gas itself will not actually be purchased until it is to be used, meaning that Gazprom will not actually be paid for its gas being on hand. This is set to go into effect in April, giving time for sanctions to be relaxed and Gazprom to be able to consider buying stock in the storage facilities. In the meantime, Gazprom has risen more than 5.5% today, after a 3.5% increase yesterday, possibly showing strong signs of recovering from the damage done by European sanctions already.
January 8, 2015 – Stock Market News
Despite the price of energy falling with oil, Gazprom has recently upped its stock prices despite that particular hurdle. This boost comes from two major factors. Firstly, Ukraine recently began to pay half a year’s worth of arrears on gas. Further, Hungary has decided to boost gas stores, meaning that they will be buying up Gazprom production. However, the gas itself will not actually be purchased until it is to be used, meaning that Gazprom will not actually be paid for its gas being on hand. This is set to go into effect in April, giving time for sanctions to be relaxed and Gazprom to be able to consider buying stock in the storage facilities. In the meantime, Gazprom has risen more than 5.5% today, after a 3.5% increase yesterday, possibly showing strong signs of recovering from the damage done by European sanctions already.