Category: Business

2 March, 2020 – The largest wind farm in Russia began supplying electric power and capacity to the Wholesale Electricity and Capacity Market. The Adygea Wind Warm is the first completed project of NovaWind JSC (the ROSATOM division responsible for wind energy projects). The Adygea Wind Farm with a total capacity of 150 MW consists…

Release February 28, 2020, 18:10 Cost reduction is ensured in planning Gazprom’s budget for 2020. Budget preparation and implementation procedures continue to be enhanced in the Group’s companies. Management of the Group’s financial resources has been consistently improved. The Gazprom Board of Directors took note of the information about the Gazprom Group’s cost optimization (reduction) efforts in 2019 and its priorities in this area for 2020. Gazprom is taking…

Release February 28, 2020, 18:05 The Gazprom Board of Directors took note of the information about the ongoing implementation of advanced digital technologies within the Gazprom Group. It was highlighted at the Board Meeting that the use of digital technologies within Gazprom is aimed at further improving the flexibility and effectiveness of the Company’s corporate governance and contributes to achieving its strategic goals. Work continues on the integration…

TVEL Fuel Company of ROSATOM and Spanish companies ENUSA, ENSA and IDOM have signed the MOU on development of cooperation in Decommissioning & Dismantling of nuclear facilities, as well as in the area of nuclear waste management and related engineering and consulting services. Along with that the companies have signed the roadmap for various projects…

On February 21, ROSATOM and the Ministry of Construction, Housing and Utilities of the Russian Federation signed an agreement on carrying out the 1st International Industrial Engineering Construction Championship. For ROSATOM the document was signed by Director General Alexey Likhachev, for Minstroy of Russia it was signed by Minister of Construction, Housing and Utilities of…

Release February 20, 2020, 15:55 The Gazprom Management Committee took note of the information about the Company’s international marketing strategy. It was highlighted that Gazprom is the largest gas supplier to Europe. In December, the Company started delivering pipeline gas to China. In addition, LNG from the Gazprom Group’s portfolio is being supplied to the Asia-Pacific region and elsewhere. Gazprom’s marketing strategy is aimed at maintaining and strengthening the Company’s leadership position in the European…

Release February 20, 2020, 15:50 The Gazprom Management Committee reviewed the information on improving the payment discipline with regard to domestic gas supplies, as well as on the measures being taken to settle the outstanding consumer debt for the gas supplied, including the interaction with government authorities to perfect the current legislation that regulates the procedure of paying for gas. It was noted that the Company…

On the 15-18 February, 2020, in Egypt, Hurghada was held the 12th International Conference on Nuclear Sciences and its Applications, organized by the Egyptian Society for Nuclear Sciences and Applications. The event was held under surveillance of the Egyptian Ministry of Energy and Renewable Energy and the Egyptian Atomic Energy Authority. ROSATOM acted as one…

On February 10-14, 2020 in Vienna (Austria), the International Atomic Energy Agency (IAEA, Agency) hosted the third International Conference of Nuclear Security (ICONS 2020). The event gathered together more than 1,600 experts from 134 states. The Russian delegation included representatives of MFA of Russia, ROSATOM and its organizations, Rostechnadzor and FCS of Russia. The ministerial…

SMR-2020, the annual conference devoted to small moduclar reactors, took place in Prague on 13 February 2020. The Conference was organized by the Nuclear Physics Department, the Czech Technical Unifersity in Prage, under the auspices of the Ministry of Industry and Trade of the Czech Republic.    At the Conference, Artem Larionov, Senior Specialist at…

Release February 17, 2020, 18:10 Elena Vasilieva has been replaced as Deputy Chairman of the Management Committee – Chief Accountant of Gazprom by Mikhail Rosseev, former Deputy Chief Accountant. The relevant decisions on the termination of membership in and election to the Gazprom Management Committee will be adopted by the Company’s Board of Directors. Anatoly Titov has been replaced as Director General of Gazprom Transgaz Tomsk by Vladislav Borodin, former…

The first of 10 key milestones related to the Kursk NPP-2 construction has been performed ahead of schedule in the current year – the installation of the first tier of the reactor building outer containment was completed at power unit No. 1.  “Work for Kursk NPP-2 power unit construction are underway according to the schedule…

Release February 11, 2020, 18:50 – Sustainable operational and financial results achieved in 2019. – Positions in target sales markets expected to strengthen further. – Attention focused on increasing economic efficiency of activities. Today, Gazprom’s 15thannual Investor Day was launched in New York. Taking part in the event are Famil Sadygov Deputy Chairman of the Gazprom Management Committee, Elena Burmistrova Deputy Chairman of the Gazprom Management Committee and Director General of Gazprom…

Within the scope of EPC contract for El Dabaa NPP construction in Egypt specialists of Kursk Branch of JSC ASE EC provided to the Nuclear Power Plants Authority (NPPA) representatives information on Russian practice of the construction supervision during construction of Kursk NPP-2.  Amongst other things, as part of the first stage of training Egyptian…

Release February 4, 2020, 17:00 General Shareholders Meeting to be held on June 26, 2020, in St. Petersburg. Lists of nominees approved for Board of Directors and Audit Commission. The Company’s Board of Directors resolved to hold the annual General Shareholders Meeting of Gazprom on June 26, 2020, in St. Petersburg. The list of persons entitled to participate in the Shareholders Meeting will be drawn up on the basis of Gazprom’s Register of Shareholders at the end…

January 31, 2020 PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading steel and steel-related mining companies, today announces its Q4 & FY2019 financial results for the period ended 31 December 2019. CONSOLIDATED FINANCIAL RESULTS FOR THE FOURTH QUARTER ENDED 31 DECEMBER 2019 Notes: EBITDA represents profit from operations plus depreciation and amortisation…

January 31, 2020 PAO Severstal (“Severstal”; “the Company”), one of the world’s leading vertically integrated steel and steel-related mining companies, today announces its capital investment programme for 2020. Severstal plans to invest approximately 110.5 billion rubles in 2020, focusing on the key areas of the Company’s updated strategy as disclosed during its Capital Markets Day…

January 31, 2020 PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading steel and steel-related mining companies, has published its Annual Report for the year ended 31 December 2019 on the Company’s corporate website. The full report is available at: https://www.severstal.com/eng/ir/results_and_reports/annual_reports

Release January 29, 2020, 16:25 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Evangelos Mytilineos, Chairman of the Board of Directors and CEO of Mytilineos S.A., took place today in Moscow. The parties discussed issues related to natural gas supplies. Background Mytilineos S.A. is one of Greece’s leading industrial companies, with activities in such areas as metallurgy, energy, and EPC projects. In 2017, Gazprom Export started…

Background Gazprom’s interests in Bangladesh are represented by Gazprom EP International B.V., a specialized company for implementing international projects, including those in the areas of hydrocarbon prospecting, exploration and production, as well as power generation and LNG. Gazprom’s main partner in Bangladesh is Petrobangla, a state-owned corporation engaged in oil, gas and mineral resource-related activities. In 2012 and 2015, Gazprom EP International and Petrobangla signed the contracts to build exploratory and…

Background Gazprom and LUKOIL are bound by the 2014–2024 General Agreement on Strategic Partnership, pursuant to which, among other things, LUKOIL supplies gas into Gazprom’s gas transmission system. In 2015, Gazprom’s Sosnogorsk GPP started to receive associated petroleum gas from the northern group of fields developed by LUKOIL-Komi. In 2018, Gazprom and LUKOIL signed the Agreement stating the intention of the parties to jointly develop the Vaneyvisskoye and Layavozhskoye…

BN-800, the world’s most powerful operational fast neutron reactor at Unit 4 of Beloyarsk NPP in Russia, has been loaded with the first serial batch of MOX fuel made of depleted uranium and plutonium oxides. After an overhaul, the power unit has successfully resumed operation. Distinct from traditional nuclear fuel with enriched uranium, MOX fuel…

The floating nuclear heat and power plant (FNHPP, a project by the Rosenergoatom Joint-Stock Company, a part of ROSATOM) has delivered its first 10 mln kWh of electric power into the isolated network of the Chauny-Bilibino hub (the Chukotka Autonomous Region) since its connection to the grid on December 19, 2019. As of now, the…

On January 20, Director General of ROSATOM Alexey Likhachev paid a working visit to the operating Tianwan Nuclear Power Plant (Jiangsu Province, China). Tianwan NPP is a result of Russia China joint efforts. Today, all four power units with Russian-designed VVER-1000 operate efficiently at the station.  Alexey Likhachev met with the head of the Atomic…

FSUE Atomflot (an enterprise of ROSATOM) summed up results of its operations in 2019. Over this time, nuclear icebreakers steered 510 vessels of a total gross tonnage of 30.28 million tons (for comparison, in 2018, 331 vessels of a total gross tonnage of 12.7 million tons were steered). “Large increase in total gross tonnage of…

January 1, 2020, the Federal Environmental, Industrial and Nuclear Supervision Service (Rostechnadzor) issued a new license for the right to operate Unit 1 of Rostov NPP. The license was received as planned due to expiry of the preceding license and will be valid until the end of 2031. As of January 9, 2020, Unit 1…

In 2019, the Russian nuclear power plants (affiliate companies of the Rosenergoatom Joint-Stock Company) set a new electric power output record – over 208.784 billion kilowatt-hours, which means they have grown their joint production and exceeded their previous record of 2018 (204.275 billion kWh) by over 4.5 billion kWh.    The FAS assignment for 2019…

Background Gazprom Armenia, a wholly-owned subsidiary of Gazprom, is focused on natural gas supplies to the Armenian market. In addition, the company transports, stores, distributes and sells natural gas, as well as upgrades and expands the gas transmission system and underground gas storage facilities in the Republic of Armenia. The contract between Gazprom Export and Gazprom Armenia for the supplies of up to 2.5 billion cubic meters of Russian gas per…

The website of Gazprom uses cookies. By continuing to use this site, you agree to allow us to use cookies in your browser with a view to improving user experience. If desired, you may disable the storage of cookies in your browser settings. More

December 30, 2019 “Following five days of continuous bilateral negotiations, final decisions and arrangements have been reached in Vienna. At the same time, a whole set of agreements and contracts has been signed, and one can fairly say that these arrangements represent a major package deal that has restored the balance between the interests of the parties. These documents are coming into…

On December 29, the Federal Environmental, Industrial and Nuclear Supervision Service (Rostechnadzor) issued a second additional service life extension license for Unit 4 of Novovoronezh NPP for 13 years. Thus, the unit will serve for 60 years instead of thirty years as designed. Over 40 events, including those to improve safety, were carried out to…

The X session of the Joint Coordination Committee on the Project of Unit 2 modernization and life extension at Armenian NPP took place in Moscow on 26 December. The representatives of the Ministry of Territorial Administration and Infrastructure of the Republic of Armenia, Haykakan Atomayin Electrakayan JSC (Armenian NPP), Armatom Scientific Research Institute JSC, Rosatom…

ROSATOM has completed the first phase of wind turbines’ commissioning at its wind farm at Adygea. This marks an important milestone in further development of low-carbon programs at ROSATOM. Adygea Wind Farm with total capacity of 150 MW, which construction has been recently completed at Shovgenovsky and Giaginsky districts of the Republic of Adygea, proved…

The first Russian-made nuclear fuel assemblies with experimental accident-tolerant fuel rods (ATF) for commercial reactor have been manufactured and passed acceptance inspection at Novosibirsk Chemical Concentrates Plant, a fabrication facility of ROSATOM’s TVEL Fuel Company.  Already in the first quarter of 2020, they should be loaded into one of VVER-1000 reactors at Rostov NPP. Each…

Release December 24, 2019, 19:15 Economic effect from Gazprom’s import substitution efforts in 2016–2018 is estimated at RUB 20.7 billion. Full range of key equipment created for operating offshore fields. The Gazprom Board of Directors took note of the information about the engagement of Russian industrial and machine-building enterprises in the implementation of the Company’s strategic goals. Gazprom is actively employing various organizational mechanisms to enhance its cooperation with…

Release December 24, 2019, 19:10 The Gazprom Board of Directors took note of the information concerning the impacts of the events of 2019 on the long-term outlook for the global energy market. It was highlighted that the ongoing global growth in natural gas consumption is one of the chief trends of 2019. China continues to demonstrate significant growth. In 2018, the country’s gas consumption went up by 18 per cent. By the end of 2019,…

Release December 24, 2019, 19:00 Gazprom’s overall amount of investments for 2020: RUB 1,104.7 billion. This budget will provide full coverage of Gazprom’s liabilities without deficit. The Gazprom Board of Directors took note of the Company’s preliminary operating results for 2019 and the projected investment program and budget (financial plan) for 2021–2022. In addition, the Board of Directors approved the investment program and budget (financial…