Severstal, Scheider Electric ad Air Liquide sig Climate Memoradum “Together towards a low-carbo future”

November 12, 2021 PAO Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, has developed a Climate Memorandum “Together towards a low-carbon Future” in support of global efforts to prevent further climate change. Schneider Electric and Air Liquide are the first partners to join the initiative to join forces on ensuring…

Gazprom maintaining fast pace of implementing five-year programs for gas supply and gas infrastructure expansion in Russian regions

Background As per the list of instructions of Vladimir Putin, President of the Russian Federation, dated May 31, 2020, gas infrastructure expansion in Russia is to be completed in a stepwise manner by 2024 and 2030, and residential consumers must not bear any expenses for the connections to gas distribution networks. In June 2021, a number of important amendments were introduced into Federal Law No. 69-FZ on Gas Supplies in the Russian Federation.…

Expansion of Sakhalin – Khabarovsk – Vladivostok gas pipeline undergoing its final stage

November 11, 2021, 16:55 The Gazprom Management Committee took note of the information about gas supplies to the Khabarovsk Territory from 2025. It was highlighted that work is continuing at Gazprom to provide reliable gas supplies to the consumers of the region. The expansion of the Sakhalin – Khabarovsk – Vladivostok gas trunkline at the section between Komsomolsk-on-Amur and Khabarovsk is now at its final stage. To date, as many as 376 out of 390.8 kilometers of the linear part (including…

Metrological support program for Gazprom’s operations approved for 2022-2026

November 11, 2021, 16:45 The Gazprom Management Committee approved the 2022–2026 Comprehensive Target Program for the Provision of Metrological Support for the Operations and Technological Processes of Gazprom. It was highlighted that one of the main targets pursued by the Gazprom metrology unit is to ensure accurate and reliable measurements of gas volumes during gas transmission. Year after year, this target is successfully achieved through systemic…

Is the Tide Turning for Russia’s IPO Wave?

A string of recent underwhelming stock market launches and abandoned deals has taken the shine off of Russia’s record-breaking wave of initial public offerings (IPOs).  Two mega deals have been scrapped in the last week — carsharing firm Delimobil and discount alcohol retailer Mercury Retail — with analysts and investors pointing to high asking prices,…