while russia is dominating gas company gazprom debates deals prime. with belarus and ukraine small independent companies are seemingly unnoticed the russian natural gas market has plenty of options for customers and not all of them are government own wearing a cross whatever traveled to the country's gas capital nova you're going going to find out more about the smaller places. this is where ninety percent of russia's gas production takes place and abouts one three percent is the world's output gas from maybe the king here but it's not the only one as small independent gas companies are also part of the game and we'll find out how. this is one of the fields will soon to get licenses to develop fields the companies the service amounts. to. now it's partly owned by now but such which is. just in the past also another part of it is on its terra slightly smaller want to. either sold other things. like these companies that. are right since this is so. haven't seen a lot of signatures and. also they can market. something that it's no longer interests agains

gazprom his main mission in europe at the meeting with the european commission was to get a priority status for its future gas pipeline project thousand dream it's a rival project the us back now to come pipeline already has such status and it is important because it makes all the bureaucratic procedures easier and it also gives the operator an exceptional rights to be the owner of the pipeline and so they distribute with gas imitatively and this is exactly what gazprom needs to feel secure with its investments into the project so gazprom said the physical it's a starter for the project is completed and the gas supplies for it are guaranteed and the european commission in its current pledge it's a poor it and said it won't impose any unnecessary regrets it barriers for the project but still it hasn't given it an exemption from this new european and their joule. per second look at the markets jumps about one hundred dollars per barrel sending energy companies in the standard and poor's five hundred one point four percent investors are waiting on the results of the u.s. oil and energy

shell says the share spot with rosneft is not under consideration shell already holds a stake in the gazprom led holland to project in russia's far east. the south stream gas pipeline is in focus in brussels the main players behind the deal a lobbying european pal of parliament to give the final go ahead for the multi-billion dollar project the european commission says it supports in the pipeline but there's still a long way to go tatiana pollak over takes up the story from gazprom as moscow headquarters. has become a battle of wills with gazprom and it sounds trim partners on one side and the european commission on the other south korean say they're ready to start building the e.u. has put a spanner in the works with its new energy market legislation south stream and it is on e.u. territory it's valid beatup trip to search it into a market pitch it is a pipeline into the subject is that internal market with if those three in for example gives access to get this independent active in russia turns out it was a good deal of our own peculiar namely that it was vacation of woods and counter part

thanks marina hello and welcome to aussies business bulletin russia's dominating gas company gazprom debates deals and prices with belarus and ukraine smaller independent companies are going seemingly unnoticed by russian national gas markets plenty of options for customers and not all of them government's own wary because i have to travel to the countries gas capital of know the euro and boy to find out more about the smaller players. this is where ninety percent of russia's gas production states place and about swine flu percent is the world's output not gas from maybe the king here but it's not the only one as small independent gas companies are also part of the game and we'll find out how. this is one of the fields of significant licenses to develop fields these little inserts amounts to months of living. now it's already own i know but which is the largest and that's. another part of it isn't it sara which is slightly smaller. than either it won't open giving. orders in these cities that it's a. better place. to make decisions that haven't really. seen the seeds or haven't seen

and russia's markets kicked off friday's session moderately higher with gazprom and ross telecom in the lead to find out more in our business bulletin twenty going to start. broadcasting live from the heart of the russian capital you're watching r.t. i'm kerry johnston the former chief of the international monetary fund accused of sexually assaulting a hotel maid almost a week ago has been granted bail of one million dollars when the strauss kahn swapped his prison cell in the taurus gangland jail the house arrest in a manhattan apartment and also be tracked by g.p.s. and watched twenty four hours a day and cannot trust com was the driving force behind the bailouts to save the ailing economies of greece portugal and ireland has resigned some european states for their efforts to protect you could finally be sunk so bursting economic downturn parties at the new bushel has more. no straw called no euro that's what bankers the whispering off the police charge the now ex i.m.f. course with the attempted rape of a hotel maid very differently the possibility that some countries could decide to

r t a huge oil and gas field in russia's far east looks set to come online earlier than expected gazprom says it will be drilling its first production well in some honey of three this year the gas giant had planned to start production in two thousand and fourteen however the sharjah was sped up future growing demand from asia gazprom also wants to get production underway in time for the asia pacific economic cooperation summit will be held in russia in two thousand and twelve. prices dropped for the second day of the news of osama bin laden's death the terrorist demise led to swings in commodities traders wagered on how it will affect the major producing regions of the middle east and north africa . and u.s. stocks declined for the second day with a slide in commodities produces puts or is losing over two percent on weak results sears tumbled over nine percent triple casting a first quarter loss but even products say first quarter profits more than tripled stocks of general motors are up after the company reported twenty six percent surge and eight will be called sales and the company wa

shell says the shares with rosneft is not under consideration shall already hold a stake in the gazprom shop holland to project in russia's foreign aid let's let's take a look at the markets now crude prices are trading moderately higher this hour weakness in the dollar is weighing on the market despite the us for rising oil inventories and disappointing economic data. across asia japanese stocks closed almost one of the saints in the black and energy majors among the top gainers riding on an overnight recovery on oil prices japan befalling corp and the world's five percent hong kong shares are also in the black after i read a losing streak the resource sector is in the leaves bolstered by high commodity prices petro china heading almost one percent this hour. and here in moscow the trading session on the card has gained almost half the since this hour my six has opened up around point one percent in the in the red in the black sorry but current prices while crude prices are floating around their record highs russian equity is trading at mid november levels. from b.g.p. capital says the

wow russia is dominating gas company gazprom debates deals and prices with belarus and ukraine small independent companies are going seemingly unnoticed that the russian national debt and gas market has plenty of options for customers and not all of them government are and were in a concert ever travel to the countries gas cap of novi you're hearing the rights of find out more about the smaller players. this is where ninety percent of russians gas production takes place and about swine two percent is the world's outputs gas from maybe the king here but it's not the only one as small independent gas companies are also part of the game and we'll find out how. this is one of the fields of significance it holds licenses developed fields and the companies slow to surface amounts to months of. it's already owned by not such which is are just in the planning process and other parts of it is owned by its heroine which is slightly smaller but still one of the largest in the. either the old own living since. this move in these companies that the chances that it plays. right since then they can

matt a huge oil and gas field in russia's far east look set to come online earlier than expected gazprom says it will be drilling its first production well and certainly in three this year the gas giant had planned to start production and towards the fourteen however the shared view was sped up due to growing demand from asia gazprom also wants to get production underway in time for the asia pacific economic cooperation summit that will be held in russia in twenty twelve. russia's largest private oil company lukoil says the current oil price is not just a fight the government plans to listen to hong kong or the head of lukoil like it that he says it will only happen when the market stabilizes linnik we can use the markets rather the world saw the currency all prices he believed that about twenty percent of the price is speculative capital the current price of about one hundred ten dollars a barrel is perhaps the price to reflect the current costs and the current situation on the market so we would like to wait until the situation becomes stable and the dynamic development of the industry

in a poet who rushes in gazprom who may provide girls to go to china which is a much clearer sort of as you don't call me me the major interests you corporations are with the russian companies promoting use. yeah yeah they're true grasses are crying crying and i just felt china is i have if i am not make mistake i remember that things too sun six there in china for the first time in part of the natural gas mostly it is it's not a pipeline and natural gas is that l. and g. . so we all know that china's governments both and the russian government of china supposed to governments are held english causing that the natural gas the trading sell that there is. one thing is the price everyone i think in the world who is interested in an idjit knows that the point but. the topic is there is still going out there so if it china wants to you. as in more and clean energy i think they're getting is that is is their best to try i said i think i know there has been a competition between china and japan for the hearts and minds of the russian intelligence of lines i read i read that the chinese were

in a part of russia soon gazprom who may provide girls to china which is a much clearer source of illegal kill me the major interests you cooperation with the russian programs providing goods. yet there are two aggressors are crying crying and i just felt china is i have if i am not make mistake i remember other things to say on the sixth floor in china for the first time important that the natural gas mostly is is not a pipeline natural gas this is the l. and g. . so we are more the chinese government both and the russian government the chinese supposed to balance or have been discussing that the natural gas the trading sell but there is. one thing is the price everyone i think in the world who is interested in energy knows that point but. that. is still going out there so if china wants to be in. using nor anacreon energy i think natural gas is that is is the better choice i think i know there has been a competition between china and japan for the hearts and minds of the russian intelligence of lines i read i read that the chinese were winning in this combination of as they view one or

continue to participate in oil and gas projects in the middle east especially state companies such as gazprom and russia now or one of the subsidiaries our business in iraq is with lukewarm and there are a host of other companies which are participating and will continue to participate and the russian government needs to support them in order to secure further diversification of energy supply from other sources in the world. let's have a look at the markets now crude oil futures lost ground on monday as the rest of the head of the international monetary fund added uncertainty to the resolution of europe's our sovereign debt woes light sweet is trading at a below ninety nine dollars per barrel was brant is at around one hundred thirteen dollars a barrel. in asia japanese stocks are trading in the red with weaknesses in some of the prices and begin edging. miami however shares of sony have seen a one percent gain after the company announced it had begun the restoration of its playstation network and hong kong shares are also down following the selloff in the commodity sector as a strong u.s. do

among the main gainers despite lower lower crude prices and lukoil are in the black this hour however gazprom is point seven percent. in the red. the currency crisis in belarus is turning into an economic collapse people are emptying supermarket shelves as prices show double digit rises on a weekly basis to keep the economy afloat the crisis stricken country needs foreign cash russia is ready to bailout dollars but this comes under the condition it carries out market reforms among them is privatization finance minister alexey cooper says assets are over seven billion dollars over the next three years analysts agree market reforms are the only way to overcome this crisis. in the end the only country which has the ability to be able to help belarus is actually better as they are the ones that have to make the structural changes that they need to get their economy back on why it's not that you can help solve the problem but by providing funding in the short term either from the i.m.f. or more likely from russia but it's not going to us over the longer term issues in the in the medium term when w

production in two thousand and fourteen however the spread out doing two growing demand from asia gazprom also wants to get production underway in time for the asia pacific economic cooperation summit. in two thousand and twelve. russia's largest private or company look how well says the current or price is not justified the company plans to listen hong kong look or buy given a pair of says it would only help one cannot get stabilized. in that we can use the markets rather religion sort of currency. we believe that about twenty percent of the world price of capital current price of about one hundred ten dollars a barrel is perhaps the price to reflect the current costs in the current situation in the market so we would like to wait until the situation becomes stable and they don't ever develop until the industry begins. or prices drop for a second day every news of osama bin laden's death the terrorist demise let's just brings in commodities traders wagering on how it will affect the major oil producing regions in the middle east and north africa. u.s. stocks are trading low after several

now let's take a look at some individual share moves here most of the good chips are seeing losses gazprom lost two point nine percent heading for its worst close in four months the company was downgraded by credit suisse group to underperform from neutral on uncertainty about growth and rising tax burden grossly after last over over two percent passed through slammed into on fears yardstick prices will slow demand and show the polish gold are up on stronger gold prices. as i was it plans to double production in three minutes michael stein adequate here wraps up the day's trade. last weekend and on the down leg today russian equities are down about two percent along with most european markets amidst renewed concerns of both dead to fall to greece but all concerns about the euro zone the banking crisis and also about concerns most of the euro itself in the markets today we see pretty much all weakness across the board we see the clients of two to four percent in oil stocks in addition steel stocks are particularly weak down three to five percent in part because of peta showing that oh poor

visibility etc and we see this suffering the most which is the exactly the trend of the last three days gazprom has been one of the biggest losers and to remind you it's still up almost twenty percent year to date so it's quite obvious so we're in this for the sense you know where the financial sector is actually it is corrects him but financial stocks are a bit more resilient we're not seen as much momentum in selling the consumer in is because the heavy year to date and obviously the utilities are i think there are a downside is also a big cap because they had a very bad year and actually there's a lot of upside in those names on the one year once a year horizon so if the names probably were not better to sell. your stream has finished laying the world's longest subsidy pipeline across the baltic and is to start pumping gas from russia to germany you know what i'm but the head of north stream. says that eleven billion dollar project will not add enough capacity to meet future technology and more pipelines will be needed. start from the fund institutions for some percent of our showing. and be

look at some individual share moves now oil majors are among the main losers but both lukoil and gazprom more than a percent in the river sound and banking stocks are also under pressure the t.v. is down despite the news that my stock of joint insurance venture with the scallion generali. oil once again pushed the russian market significantly lower last week however there is a chance things will get better in the coming days that's according to senegal sidorov from unicredit securities these situations where virtually all the mortgages through with news leader intervals leave them only get worse is that just we're seeing degree of correction you know oil and other what it used to russia that it was you know that most of my personal fundamental use that sycamore you do this is a dollar still going to be going to be is nothing near nothing treats will believe it of the year is super cycle is still there so it's not unusual to see it at the time so for a correction though which you know if you're bullish doesn't reach you're going over to digital. and that's on the business for this hour we

gazprom is one of the biggest gainers itself the three quarters of a percent as the company maintains its stance against the evil. third energy package of burbank is all just a notch point two percent of the vote in a crucial approve the sale of seven point five percent of the state's share in the largest lender. is the leader it's up twenty eight percent. the successful sale of fifty billion rubles worth of a euro bonds has been hailed by the finance minister. as a step to making the russian ruble a reserve currency russia now has nineteen billion rubles worth of euro bonds placed on the market that's more than three billion dollars making it one of the world's largest placements in a local currency the merger of two main or russian bosses the r.t.s. and the nice x. could be announced as soon as next week the deal goes through it could result in a substantial payday for the major shareholders of the nice ex. machina with the shareholders have come to a decision to pay three hundred thirty million dollars to give it its go over the biggest part a bit of money will be paid if the share

european stock markets are higher as investors chinese trade data and janov around her need to go along gazprom group was the biggest fool on the food see sinking three point eight percent in london after reporting a thirty eight percent drop in fast connection for a while intercontinental hotel group is losing the gains with three point two percent after reporting its strongest growth in u.s. travel news for room since may two thousand and six among other stocks in focus low cost airline easy jet is up twenty percent after eight hundred rising revenue but added but i think your costs have resulted in a wider net loss. and here in russia the archness in the mindsets have slightly narrowed the losses they saw in the first two minutes of tuesday's trade as they reopened after an extended weekend the r.t.s. is down forty two percent and the noise it says up at temple percent. and here are some of the individual show moves on the my six world majors and on the main loses the solid blue cool down around twenty percent and stage black care airport is also down just by a strong frost. because he has g

those in wednesday's sell off but gazprom is down one percent on fears that some of its customers money probably example with the way. which is announced plans to buy gas from the u.s. as prices there thirty percent love banking shares are on the rise b.c.b.s. up one hundred percent at the close burbank lose a good one point three percent on news that it may buy b.m.p. paribas retail business in russia. and other news in brief brushes natural gas producer nova tech has boosted its net profits by almost seventeen percent to six hundred eighty million dollars in the first quarter the stronger than expected result was mainly driven by high gas prices the company's stock is up one percent. russian bank pretax profit not including the largest lenders burbank jumped sixty three percent the first four months of league banks and over five billion dollars during the period according to a report from the bank of russia the central bank. the long planned merger of russia's two stock exchange of the night six and the r.t.s. should be finished by the end of this year though some technical issues mig

they've got the main movers on the nice not surprisingly energy and metals majors are having a bad day gazprom down three point three percent so is nervous wreck down there almost two percent there but sevastopol is actually bucking the strands up point six percent after news that it's buying into mineral allison the company in brazil opened i think it's an outline say not it's something. that was sort of straight from what will carbon say the same sort of process that was going on elsewhere in the emerging markets this is a negative for exploratory markets like russia you have felicia believe and you'll be all in there. of course inflation which is or some seem to require some of this is processed was for producers of. this. small dogs of when all this. from them are even cross-platform remark it's unfortunate that something else has been in the streets despite that well as a superior russian market. to you. so it's one mistress to call. another news the world's top aluminum producer roussel has tripled their profits over seven hundred fifty million dollars in the first quarter if they could

intended to separate gastric juices from ownership of pipeline transit systems in europe something that gazprom would never of agreed on. now the conclusion of the project is somewhat fortuitous as well as japan is currently facing its worst nuclear crisis since the nuclear disaster and europe has now also backtracked on its various nuclear programs pushing russian gas to the fore once again. russia. exports huge is the move comes in response to recent fuel shortages in the country when oil companies went off to rich pickings abroad leaving this mystic markets running on empty the energy is being pushed by the energy industry which wants hike local energy prices to trigger a cut. but the tax on refined oil products would be hiked instead moves designed to make russian oil companies reluctance to sell fuel abroad and avoid a simple short or just hope. of the character of the global economy in a period of rapid change the emerging nations of brazil russia india and particularly china are quickly overtaking the established economies. from reinventing broken he says this doesn't mean the world will

individual movers on the my sex energy majors and metal miners are among the top losers this hour gazprom is down around point seven percent while oil is gold is almost three percent in the red the trend is your bank and it's up around four percent. of on us again you sound at renaissance capital believes that despite the current negative sentiment a stronger euro could push russian stocks higher. we can expect to see unions. continue. and we can expect to see you know for three years that. oil companies are going to pay higher taxes what it will be people but small you know sort of the squeeze the poor puts all those things sort of lead on the negative side could be used to boost growth since world we experience so. if you see business using again and grow you're looks like a mess right now we will be problems in europe but in europe you know the rules. and the results so far you're. these rising rates and you're going to react and investors are. it's the key when you are israelis and we know that you are israelis and gives the order to restrict its disposal to further russian store impo

it's on the my sets gazprom was down today despite the company's increased export forecast for this year basing analysts expectations metal mining a was up bad so its credit rating agency fitch fitch lifted its writing to a triple b. minus and t. n.k.v.d. papers in the red the company is continuing to suffer in the fallout of the collapse deal between rosneft and big. russia's biggest airport hopes that twenty percent of its shares will take off with the london stock exchange being the facts news agency quotes sources close to the project domodedovo airport in moscow has been valued at up to five and a half billion dollars its revenue last year growth of more than one billion dollars showing an annual growth of twenty percent. russia is battling to be exempt from an e.u. rule that says guess suppliers can't own the parts it's pumped through at the same time russian officials claim the legislation known as the third energy package will damage investment and all and gas infrastructure projects and a hard european energy security in the long run the russian gas industries trade body says it

percent now let's take a look at some individual share moves most of the blue chips are seeing losses gazprom is losing three point seven percent heading for its worst close in four months the company was downgraded by credit suisse to underperform from neutral on uncertainty about tariff growth and rising tax burden grozny after losing over two percent as well as crude slumps on fears europe's debt crisis will slow demand and shares of produce goals are stronger gold prices have doubled production in three years. that's the latest we have for you this hour but don't for stay with us because we have headline news coming up for you. from. wealthy british scientists on some kind of a sense climate scientists looking at. the . markets why not. come to. find out what's really happening to the global economy which might stronger for a no holds barred look at the global financial headlines tune in to cause report on our cheek. in indonesia oh she's available in hotels. results and spoke my good results in small bony kilmacolm dollar bone remote have been turned violent.

gazprom is up after the company increased its export forecast for this year beating analyst expectations metal mining n l m k is also gaining that is credit rating agency fitch lifted its rating to triple been minus bucking the trend though is t n k d p which is continuing to suffer from the fallout of the collapse of the deal between rosneft and bt. the biggest i.p.o. of the year is underway in london commodity group link or has priced its float at five hundred thirty pence per share that's after the eleven billion dollar issue was four times oversubscribed analysts say the deal was priced to go and they're not surprised demand was so high. russia's biggest airport germany out of a place twenty percent of its shares in its planned i.p.o. in london that's according to sources close to the deal quoted on the interfax news agency moscow's biggest airport is reportedly valued at up to seven and a half billion dollars its revenue grew around twenty percent to more than one billion dollars in two thousand and ten compared to the previous year russia is battling to have its gas pipelines exemp

the share movements on the my six majors are bouncing back from the losses among the main again is gazprom is awful almost up a sense that this sell on the news it's close to finalizing and takeover of belarus probably no brakes of bell trans gas into ours up after posting a profit of two hundred ninety million euros for the previous year and bucking the trend is in v.t. b. though it's down almost a full set in the in the red as media reports suggest the bank is planning merger and acquisition activity in the sense. russia's busiest airport is putting the brakes on the london float because of the weak demand some of the end of our plans to release twenty percent of its stock to raise up to one billion dollars five russian companies of which draw in the london i.p.o. is this year and proving for retail euro's that and a russian helicopters. also in brief needs than a suspended production that's only a russian mountain due to a lack of parts the firms global component supply chain or the structure of the company's name japanese plant was hit by the march break however nissan hopes production

let's not have a look at some of the individual show moves most of the blue chips are seeing losses gazprom as you can see is losing two point eight percent need to be down around two percent which is among the red on the mice its shares are more than one percent on stronger gold prices and supports the companies to double production in the next three years. russian oil experts say a new iraq production won't be enough to stop rising prices gas from that has started developing a new oil field in eastern iraq but this new production along with that of other international companies might not be enough to stem the inevitable. we have all the projections. from two in a half million barrels per day but there are producers now so we'll add when they saw was promised by all the companies when they submitted their tender proposals and could be moving to that. provided that infrastructure should be built first that gives you know what eight million barrels per day. so that's almost eight to ten percent of what's the world is producing right now. and i'm a big issue so iraq is a member of opec and th

index and gazprom is also said. russia is battling to pull out of gas pipelines exempted from the e.u. first energy package the document bans one company from being a gas supplier and transporter at the same time russian officials claimed legislation will damage investment in well and gas infrastructure projects and they will therefore be harmful to european energy security but as a from the russian gas society explains what changes he would like to see. remotely . what we think that certainly should be taken into the third. position is that the energy package should come into legal force against. you we do understand the difficulty of talks given the legislation has already come into force but we have to keep making steps towards for eating a compromise because if you still hungry for business news you can always go on to a website. forward slash business or join me in fifteen minutes so i will not be the head like the next. it didn't start all of a sudden. it's a long story of destroying the living and their habit

now let's have a look at some individual share moves on the my six gazprom was down today despite the company's increased export forecast for this year beating and listen expectational metal miner n l m k was up that's his credit rating agency fitch lifted its rating to a triple be minus and t n k b p was in the red the company's continuing to suffer from the fallout of the collapse deal between rosneft and bt. the biggest i.p.o. of the year is underway in london commodity group glengall glencore has a price that's floated five hundred thirty pence per share that's half of the eleven billion dollars issue was four times oversubscribed analysts say the deal was priced to go and i'm not at all surprised the man was so high. rushes year to year the. inflation year to date inflation has reached four point five percent which is point eight percent higher than the same period last year consumer costs have been driven by higher pixel prices which are really risen by thirteen percent in the last month the government is still forecasting inflation for around seven percent for the whole year bu

package is intended to prevent a gas supply from also owning the means of transport companies such as gazprom playing this will undermine investment in the sector however philip low the head of the energy european commission says the intention is not to hinder russian companies. but the networks and pipelines in you are the in need to be managed. in a way which allows congress to come in the knowledge that new you can read for those who make the money or the other one but that includes very much russian companies who can really benefit throughout europe from being able to the town or ground up with a city of everywhere in europe five and said however that they must be prepared for any new investor to be ready to begin the reservation of the bigger so you are going to market sounds the will light sweet is trading in the black after a one point seven percent slump on first him down the u.s. on the exit existing house sales and leading economic indicators right now it's over ninety nine dollars per barrel went up also seventy two cents over one hundred twelve dollars per barrel. in asia the mark

reported how the european union and its energy commission of course on the project at a presentation by gazprom last week but with these new do more roys in from germany as a result of this announcement we do expect more possibilities for the sell stream project in the coming years. look at the markets now we start with the oil prices on the rise as fresh europe is moving closer to a solution to its sovereign debt woes helped to prop up the euro versus the dollar therefore we're seeing light sweet over one hundred dollars per barrel brands one hundred sixteen and a half. to the stock markets now in u.s. stocks sept kicked off the wake of a long weekend of positive note with the dow jones up point eight percent nasdaq point seven percent european stocks are also rising on reports jeff. he could make concessions on a new aid package for greece easing concerns over the euro zone decks they're forcing tax on almost two percent forty one percent here in moscow trade is just about to finish the r.t.s. is up one percent my six point seven percent say look at why what's driving the my six index notably

pipeline however it's still a long way to go because you know because it takes up the story from gazprom headquarters here asked. castro's main mission in europe at the meeting with the european commission was to get a priority status for its future gas pipeline project file stream its arrival projects the u.s. back now to pipeline already has such status and it is important because it makes all the bureaucratic procedures easier and it also gives the operator in exceptional rights to be the owner of the pipeline and of a distributor and with gas symbol tainio fleet and this is exactly what gastro meets to feel secure with its investment into the project so gastro said the physical it's a starter for the project is completed and gas supplies for it i guarantee it and the european commission in its turn played its support and said it won't impose any other necessary bureaucratic barriers for the project but still it hasn't given its exemption from this new european and the jewel. and the head of gas politics in miller says germany's energy giant eon may become another european partner in

the losses of the past three weeks now it's over look at an individual share moves on the my six gazprom is down despite the company increased its export forecast for this year beating analyst expectations and nestle mine a n l m k is out that says credit rating agency fitch lifted its rating to triple be minus anteroom k b p is in the red it's continuing to suffer from the fallout of the collapse a deal between rosneft and between. russia's biggest airport domodedovo twenty percent of its shares in its planned i.p.o. in london that's according to sources close to the deal quoted in the on the internets news agency moscow's biggest it was reportedly valued at up to five and a half billion dollars its revenue in two thousand and ten grew to more than one billion dollars around twenty percent better than the previous year russia is battling to have its gas pipelines exempted from the e.u. use that energy package the document bans one company from becoming i guess supply and transport at the same time russian officials claim the legislation will damage investment in oil and gas infrastructu

consumer prices and volatile oil so you look at some of the individual movers on the my six gazprom ended the one percent in the red on fears some of its customers might follow the example of lithuania which has announced plans to buy gas from the u.s. as prices they're frozen percent lower thank you shares are on the rise when city up one hundred percent and burbank is gaining on news made by b.m.p. paribas retail business in russia. in other news russia's natural gas producer over tech has boosted its net profits by almost seventy percent to six hundred eighty million dollars in the first quarter a stronger than expected result was mainly driven by high gas prices the company's stock was up one percent at the close of friday's session. and russian bank pretax profit not including the largest lenders burbank jumped sixty three percent in the first four months of the year banks over five billion dollars during the period according to a report from the central bank. one of russia's top makers chel pipe has once again postponed its initial public offering in london the company says the pric

moves on the my sex energy majors are among the main gainers supported by stronger commodity prices gazprom is up around two and a half percent and rosneft gains around two percent this hour banking stocks are also on the rise of a sperm bank and one percent in the black russian markets may be on a bit of a rebound this hour but they've taken a massive hit in the last month it's been the longest losing streak since two thousand and eight after first quarter buoyancy the market has lost favor with investors business artie's thirty on a public over explains why. as old most always in russia the stock markets follows that well prize so there is no surprise here oil fell about three percent on monday trade and the russian stock market fell about the same market which is also say that investors are concerned that europe's debt crisis may who are the economic recovery and they lose advertise for risky assets russia is still considered a risky investment favored by speculators but it's analysts say this is speculative capital is leaving the contre scared away by political on certain subjects for t

on the my sex energy majors bounced back from earlier losses and among the main game is right now gazprom shares are up point eight percent the news it's close to finalizing a takeover of the resupply line operates in bell trans gas into rau is up off the posting a profit of two hundred ninety million euros for the last year that's after posting a loss the year before that bucking the trend banking shares big he's down one. in brief now russia's busiest airport is putting the brakes on its london but because of weak demand somebody had a bad plan to release twenty percent of its stock to raise up to one billion dollars five russian companies have withdrawn london i.p.o.'s this year including phone retailer euros that's passion helicopters and nissan has suspended production of only plug in russia due to lack of car parts affirms the global components imply a train with a stop lead after the company's main japanese plant was hit by the march quake however nissan hopes production in russia will get back to normal next monday. we will be back next hour with an update. from the official ulti

are the index that moves on the a six energy majors and banks are among the top losers as you see gazprom is down over three percent blue collar is losing over two percent power generating company make a five is down more than five percent all records that may cancel dividend payments for last year. and that's all we have time for in this business report but i'll be back with more. all the. millions died here. millions looked forward to be held can say. the pain and suffering will never be forgotten. as well as the joy of not a racial. era spring of nineteen forty five on our team. they faced it this is not a religion that warmed up. before was it a resurgence just everybody is sure it is a privilege responsible they have no idea about the hardships the you face it's a. great one it is this is it all too nice and and pretty.

a look at some individual share moves energy companies are faring better in the market today with gazprom up around one seven percent this hour after browsers also gaining as prime minister putin visits its plant and test drives a new lot of model that allows the producer to your ugly is up around one and a half percent ahead of its upcoming merger with souvenir. crushing car sales were a sixty four percent increase in the first quarter of the year the overall number of sold vehicles has topped seven hundred and fifty four thousand around a third of that number was made right after. well i see god cisco is spreading its wings in russia as the first eloquent components roll off a new high built russian production line the head of the firm's russian you know outlines its investment blueprint for the country. where now it's investing in next ten years at least a billion dollars into each kilometer from school to become part of the picture and that's nice a hundred million of them believe we'd probably go most likely go to the bench of finance or ships just started licensing process for produ

some of the stocks on the mice not surprisingly energy and major metals majors are having a bad day gazprom is lodging two point seven percent this self-service dollars down one point three percent but better than market news that is buying a company in brazil and more than this is the second north because actually bucking the trend is up one percent that's up. world's top alamy and producer roussel has tripled net profits almost seven hundred fifty million dollars in the first quarter and i think a beats a full capacity sixty percent smaller states are going to the strong demand from china. and from a set of style is diversifying into the e.u. mining business the country's largest steel makers buying an iron ore company in brazil so those of us dollars purchasing a twenty five percent stake in brazilian mining for them in their power for forty nine million dollars with an option to buy an extra fifty percent the move is seen as a bid to secure sources of real materials as for prices for hit record highs. now rushes into that market is one of the info. developing in the world is expected to

eased the worries about the global demand now let's take a look at some individual share movers now gazprom was among the top losers. down two point two percent as the company maintained its stance against the e.u. stored energy package three bank was down over two percent off this labor prison approve the sale of seven point thirty eight percent of the state's share in the largest lender bucking the trend was last telecom that was half a percent. the successful sale of fifty billion rubles of euro bonds has been hailed by the finance minister i don't see couldn't as a step to making the russian ruble a reserve currency russia now has ninety billion rubles of euro bonds placed on the markets that's more than three billion dollars making it one of the world's largest placements and a local currency. alan merger of two main russian voices the us has undermined six could be announced as soon as next week if a deal goes through it could result in a substantial payday for the major shareholders in about six. the shareholders have come to a decision to pay three hundred thirty million dollars of

package is intended to prevent a gas supply from also ending the means of transport companies such as gazprom claimed this will undermine investment in the sector however affinities the head of energy at the european commission says the intention is not to him to russian companies. the networks and pipelines in you are of need to be managed in a way which allows congress to come in the knowledge that you you can try to make good on the lives of others just one but that includes very much russian companies who can really benefit throughout europe from being able to offer ground up with acres of the everywhere in new york i've said however that there must be protection for any new investment with me because of the break in the reservation of the us that we are. so good at the markets now light sweet crude is trading in the black that's up to one point seven cents luckily for us they are down the ripples from us on existing house sales and leading economic indicators light sweet is up over ninety nine dollars per barrel brant is just over one hundred and twelve. european stocks are trading on a

shell says a share swap deal with brezhnev is not an option shell already holds a stake in the gazprom ledger karlin to project in russia's far east russia saying money slipping through its fingers thirty billion dollars have left the russian economy since the beginning of two thousand and eleven that's more than half of what it lost was in the whole previous year surprisingly the money flight is fueled by rising oil revenues. brush it on the base is not able to play just the money in the month supply which is available at the moment so soon the russian banking system the same with the system where the chip assume that you know well bought responder's it's so great to have the full auctions but it seems that the increase in local demand as long as foss is at spec and this was all for a few companies i think of the moment just going to wish to be the reason to wish your investment pulled and sold maybe just to develop the business as a using the increase of the revenues as a way he is to have more money into basic with this money abroad in the first father business. looking at the marke

production and twenty fourteen however the share jule was sped up jews are growing demand from asia gazprom also wants to get production underway in time for the asia pacific economic cooperation summit that will be held in russia's far east and twenty two world. russia's largest private oil company lukoil says the current price is not justified but company plans to list in hong kong but the head of luke whether you think you have says it will only happen when the market stabilizes. linnet we can use the markets rather girl child saw the current top russians who believe that about twenty percent of the oil price you speak will just capital the current price of about one hundred ten dollars a barrel is perhaps the price to reflect the current costs in the current situation on the market so we would like to wait until the situation becomes stable and the dynamic development of the industry begins to use. commodity markets now oil prices drop for a second day in the news of osama bin laden's death terrorist demise led to swings in commodities as traders wagered on now it will affect the major

to pump fifty five million cubic meters of siberian gas to the heart of europe a majority owned by gazprom the project has received in through the us to back in from germany in the past however analyst down to the peace ability of such an ambitious and expensive project planning that there would be insufficient demand in europe and he is russia would not be able to fill it however the nuclear crisis in japan has caused a major european countries to rethink their energy policies thereby pushing russian gas to the fore once again. russia is going plans to revise its all export duties the move comes in response to recent fuel shortages in the country caused by companies seeking to maximize profits by selling oil products abroad. russia is the world's leading oil exporter and a fuel deficit on the domestic market is unacceptable the recent shortages were caused by the unreliability of a number of market players and logistical problems in addition we cannot deny the influence of high global crude prices one of the measures that could be taken to stabilize the market is doing crease duties on ex

here in energy sector gazprom was losing on concerns about the growth in internal tariffs so we have to gazans down more than three percent of profit taking up originals dividend payments in line with the . it's ations is among the reggae as an energy sector with shares are up on top ten percent. and crude oil futures continue to lose ground with the rest of the heavy exaction mark ruffalo adding uncertainty to the resolution of europe's sovereign debt woes but tweeters trading at ninety dollars per barrel all brands is a hum and fall colors about. so we have time for this hour but do join me in less than one hour from our. for the full song we've got it from the biggest issues get the human voice face to face with the news makers. in indonesia all she's available in hotels coming the resort and spa my good results in spite of only come a come down upon the motive in turn bones real sentry and.

minister alexey who didn't russian companies are expected to get most of the part gas and awfully gazprom could buy fifty percent of the country's gas pipeline network for two and a half billion dollars to secure their supply networks last week moscow urged its privacy privatized and carry out other market reforms this was put forward as a condition for getting the loans to keep the crisis hit economy afloat. the world's industrial giant siemens and high on di are offering moscow their services to help expand the city's metro system i was next six years of russian capital's planning to build a tattoo promises of new lines bad experts warn the city's construction capabilities short oh and our says it can build fifteen kilometers of underground railway a year and siemens can provide cars and outrun it's both companies are also offering to manage full operation of the new lines though an agreement has not yet been right the companies are discussing the legal formalities of the deal. and that's all it is business for now we'll have more feeling just under an hour's time stay with us the headl