Category: Business

December 25, 2020 PAO Severstal, one of the world’s largest vertically integrated steel and mining companies, has put blast furnace No. 3 (BF-3) at the Cherepovets Steel Mill (part of Severstal’s Russian steel division) onto hot test mode. The new furnace has been named “Cherepovchanka,” its name having been chosen by local residents. BF-3 has…

December 25, 2020 PAO Severstal, one of the world’s leading vertically integrated steel and mining companies, has completed the construction of environmental facilities for blast furnace No. 3. The modernization of blast furnace No. 3 will mitigate the environmental impact of pig iron production throughout the production chain through use of the best available technologies.…

December 24, 2020, 19:43 A working meeting of Alexey Miller, Chairman of the Gazprom Management Committee, with Vladimir Semashko, Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to the Russian Federation, and Viktor Karankevich, Minister of Energy of the Republic of Belarus, took place today in St. Petersburg. Alexey Miller and Viktor Karankevich signed the Protocol between Gazprom and the Government of the Republic of Belarus…

December 24, 2020 Izhora Pipe Mill (part of Severstal’s Russian Steel division) has been awarded the status of qualified supplier of large diameter pipes (LDP) by the United Arab Emirates (UAE) state oil company, ADNOC. In accordance with the successful certification, the Izhora Pipe Mill’s full assortment of large-diameter pipes, with diameters of 20-56 inches,…

December 23, 2020, 09:50 The Gazprom Board of Directors took note of the information concerning the impacts of the events of 2020 on the long-term outlook for the global energy market. The most significant development of the year, including in the energy market, has been the new coronavirus pandemic. At the same time, the pandemic’s impact on the global gas market has been quite limited. According…

December 23, 2020, 09:40 The Gazprom Board of Directors took note of the information about the ongoing implementation of the Company’s programs aimed at expanding gas supplies and gas infrastructure in Russian constituent entities, synchronization with regional programs for converting housing and utilities, industries and other entities to gas, as well as extension of gas grid coverage in the Krasnoyarsk Territory. It was highlighted that the creation of gas supply infrastructure…

December 23, 2020, 09:30 The Gazprom Board of Directors took note of the information about the ongoing implementation of the liquefied natural gas (LNG) production and supply projects. It was highlighted that the new coronavirus pandemic has had a negative impact on the long-term outlook for the global LNG industry, and the forecast for the commissioning of LNG production capacities worldwide has been revised downwards. Nevertheless,…

By using project financing methods, Gazprom diversifies its loan sources and improves the efficiency and transparency of its key investment projects further. We plan to expand our project financing activities. It should be pointed out that our project financing transactions are very advanced: for instance, the project financing deal for the construction of the Amur Gas Processing Plant (GPP) has received recognition…

December 22, 2020, 18:00 Gazprom’s overall amount of investments for 2021: RUB 902.413 billion. This budget will provide for a full coverage of Gazprom’s liabilities without a deficit. The Gazprom Board of Directors took note of the Company’s preliminary operating results for 2020 and the projected investment program and budget (financial plan) for 2022–2023. In addition, the Board of Directors approved the investment program and budget (financial…

December 22, 2020 PAO Severstal, one of the world’s leading vertically integrated steel and mining companies, announces that MSCI has revised its ESG rating upwards from ‘CCC’ to ‘B’ in its latest assessment. The upgrade comes as a result of marked improvements in the ‘Ecology’ section of MSCI’s assessment, and the Company’s progress was also…

December 22, 2020 PAO Severstal, one of the world’s leading vertically integrated steel and mining companies, has published a presentation on its outlook for LDP demand in key markets and its strengthened offer for Energy customers. Severstal’s energy sector focus is a core pillar of the Group’s growth strategy, representing 9% of sales in 2019,…

December 21, 2020, 15:45 Alexey Miller, Chairman of the Gazprom Management Committee, and Vagit Alekperov, President of LUKOIL, signed the Master Agreement on the terms of the development of the Vaneyvisskoye and Layavozhskoye subsurface areas in the Nenets Autonomous Area. The signing ceremony was also attended by Yury Bezdudny, Governor of the Nenets Autonomous Area. The document, which builds on the Agreement signed at the…

December 21, 2020, 14:30 The sports complex was inaugurated in Svetogorsk. The complex was built in less than a year to the highest standards. The ninth sports and health center, which is located in Tikhvin, is 95 per cent complete. Alexey Miller, Chairman of the Gazprom Management Committee, and Alexander Drozdenko, Governor of the Leningrad Region, today took part in the opening ceremony for a sports and…

December 17, 2020, 20:00 The Gazprom Management Committee took note of the information about the progress of the Amur Gas Processing Plant (GPP) construction project. It was noted that the active phase of construction and installation operations is in full swing at the site of the future enterprise, with over 30,000 workers and engineers engaged in the operations. As of today, the project’s readiness is at 70.5 per cent. The recruitment process for…

Background Gazprom Armenia, a wholly-owned subsidiary of Gazprom, supplies natural gas to Armenia’s domestic market. In addition, the company transports, stores, distributes and sells gas, as well as upgrades and expands the gas transmission system and underground gas storage facilities in the Republic of Armenia.

December 16, 2020, 16:30 A working meeting of Alexey Miller, Chairman of the Gazprom Management Committee, with Vladimir Semashko, Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to the Russian Federation, and Viktor Karankevich, Minister of Energy of the Republic of Belarus, took place today in St. Petersburg. The parties discussed the conditions of Russian gas supplies to and gas transportation across Belarus starting from January…

December 15, 2020 Izhora Pipe Mill (ITZ, part of Severstal’s Russian Steel division) has again successfully passed an audit by the API (American Petroleum Institute) certification body. In a first for both parties, the 2020 audit was performed online. The API audit is extremely thorough, and the Company spends over a year preparing for it…

December 14, 2020, 15:15 The Global Energy Association, an international organization co-founded by Gazprom, presented its first annual report “Ten Breakthrough Ideas in Energy for the Next 10 Years” written by academics from Russia, the United Kingdom, Italy, and Iran. The report outlines the key ideas of studies aimed at reducing the carbon footprint of energy industries, including by developing energy efficiency and energy conservation practices.…

December 14, 2020, 12:45 The awarding of the winners and laureates of the 10thEnergy of Victories national sports journalism festival contest, organized by the Russian Olympic Committee and the Federation of Sports Journalists of Russia with the backing of Gazprom, took place on December 11 in Moscow. The winners of the 10th Energy of Victories national sports journalism festival contest are as follows: Best Article (federal media): 1st…

December 10, 2020, 16:50 The Gazprom Management Committee approved the Company’s tax policy framework for the year 2021 and the 2022–2023 planning period. One of the key objectives of the tax policy is to continue the gradual transition to tax monitoring at the companies of the Gazprom Group. It was noted that the online interactions with the Federal Taxation Service have proven highly effective. As of today, seven subsidiaries…

December 10, 2020, 16:45 The winners of the occupational health and safety management contest for the subsidiaries of Gazprom in 2017–2019 were awarded at the meeting of the Company’s Management Committee. Among the gas production, processing and storage subsidiaries, Gazprom Dobycha Astrakhan emerged as the winner, Gazprom UGS took second place, and Gazprom Dobycha Urengoy won third place. Among the gas transportation…

December 10, 2020, 16:40 The award ceremony for the 2020 edition of Gazprom’s Science and Technology Prize took place at the meeting of the Company’s Management Committee. The paper entitled “Creating and implementing innovative analytics software tools for the assessment, shaping and effective management of geological exploration projects and portfolios at the licensed areas of the Gazprom Group” by NIIgazeconomika won the top prize at the…

December 10, 2020, 14:45 The Eighth Season of the Gazprom International Children’s Social Programme Football for Friendship has finished. This season, the first-ever Football for Friendship eWorld Championship united young athletes from 104 countries. Over 1 million people participated in the events of the Eighth Season.  “Uniting friends – uniting the world” is the slogan of the Gazprom International Children’s Social Programme Football for…

News from projects and regions December 9, 2020, 19:10 Gazprom Transgaz Surgut is taking additional measures to prevent the spread of the new coronavirus infection. The measures involve the key personnel of the gas transmission company’s units and services who are essential to the continuity and reliability of the production process. The restrictions on access to the company’s facilities and the workplaces of the…

December 2, 2020 A full year has passed since the ceremonial launch of the Power of Siberia gas pipeline. The pipeline is more than an artery for transporting the “blue fuel.” The project was conceived and is being implemented as a key part of the Eastern Gas Program, whose main goals are to create a gas industry and foster economic growth in Eastern Siberia and Russia’s Far East, to expand gas infrastructure to establish a new export…

December 2, 2020, 15:15 December 2 marks a year since the start of first-ever pipeline supplies of Russian gas to China – via the Power of Siberia gas trunkline from the Chayandinskoye field. At present, Gazprom keeps ramping up its gas exports to China via Power of Siberia. For a second consecutive month, gas is being supplied in excess of the planned amounts as requested by the Chinese party. Specifically, the aggregate amount of gas supplied…

December 2, 2020 PAO Severstal, one of the world’s largest vertically integrated steel and mining companies, has launched coke battery No. 11, a new unit using coal charge ramming technology, at the Cherepovets Steel Mill. The capacity of the first block is 700 thousand tonnes of products per year. The new unit will increase coke…

November 30, 2020, 10:00 IFRS results 2020 Today PJSC Gazprom issued its unaudited consolidated interim condensed financial information prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (IAS 34) for the nine months ended September 30, 2020. The table below presents the unaudited consolidated interim condensed statement of comprehensive income for the nine months ended September…

November 26, 2020, 15:50 The Gazprom Management Committee took note of the information about the ongoing implementation of the Company’s programs aimed at expanding gas supplies and gas infrastructure in Russian constituent entities, synchronization with regional programs for converting housing, utilities, industries and other entities to gas, and extension of gas grid coverage in the Krasnoyarsk Territory. It was highlighted that the creation of gas supply infrastructure for…

November 26, 2020, 13:50 Gazprom’s overall amount of investments for 2021: RUB 902.413 billion. Gazprom’s borrowings for 2021: RUB 511.626 billion. Final investment program and budget to be approved by the Gazprom Board of Directors. The Gazprom Management Committee took note of the Company’s preliminary operating results for 2020 and the projected investment program and budget (financial plan) for 2022–2023. The Management Committee also endorsed the…

November 25, 2020, 10:10 The Gazprom Board of Directors took note of the information on the projects being designed and implemented for the widespread adoption of digital technologies and other technological solutions. It was highlighted that the introduction of digital technologies is an important tool to improve the effectiveness of corporate governance and achieve the strategic goals of the Gazprom Group. Today, the Company is at the final stage of automating its core…

November 25, 2020, 10:00 The Gazprom Board of Directors took note of the information on the Company’s efforts to expand gas infrastructure in rural areas. It was highlighted that gas infrastructure expansion in Russian regions is an essential social project on a national scale. The project aims to facilitate the development of Russian constituent entities and improve the quality of life for the population. The top priority in this line of work is gas expansion…

November 25, 2020, 09:50 Decline in gas production growth rates expected in the U.S. shale industry. Slowdown in the LNG sector may have negative implications for its long-term development prospects. LNG produced in Russia could be useful for entering new gas sales markets. The Gazprom Board of Directors took note of the information about the growth prospects of the shale gas and liquefied natural gas (LNG) industries across…

November 25, 2020 PAO Severstal, one of the world’s largest vertically integrated steel and mining companies, has resumed deliveries to Alfapipe, a spiral welded steel pipe manufacturer based in Algeria. Severstal produced 26 thousand tons of X70 grade skelp steel coils to supply to Alfapipe. X70 Grade Steel is one of the highest-strength steel grades,…