Putin’s Shanghai Expedition Stokes Gazprom Deal Talk
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President Vladimir Putin’s planned China visit this week is helping spark the longest rally in OAO Gazprom since 2006 as speculation mounts the Russian leader will return with a long-sought gas-supply agreement.
Gazprom, the world’s largest natural-gas producer, has climbed for nine days, rallying 16 percent over the period to 147.29 rubles ($4.26) in Moscow. The stock has gained 14 percent this month, compared with a 1.1 percent advance in the Stoxx 600 Oil & Gas index and the MSCI Emerging Markets Energy index’s 7.1 percent increase.