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…
On December 22, 2020 the pilot operation stage started at Belarus NPP power unit 1 of III+Gen with VVER-1200 reactor (ROSATOM’s Engineering Division is the General Designer and the General Contractor), as specialists started a gradual reactor power increase up to the rated power. A permit to proceed to this stage was issued by the…
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 18, 2020 – Reactor pit construction from the top of the cantilever-truss till the bottom of floor at elevation +26.300 meters at Rooppur NPP power unit No. 1 in Bangladesh is completed. “We left no stone unturned in order to complete the milestones of 2020. Construction personnel of TrestRosSEM LLC completed the reactor pit…
December 21, 2020, Helsinki. – RAOS Project Oy (part of ROSATOM), the plant supplier of Hanhikivi-1 NPP, has submitted the Basic Design Stage 1 documentation package containing technical solutions description to Fennovoima Oy, the NPP Customer. The package has been reviewed by Fennovoima’s specialists and conditionally accepted for further work. The Basic Design Stage 1…
On December 16, the keel for the fifth (fourth serial) Project 22220 nuclear icebreaker Chukotka was laid at the Baltic Shipyard in St Petersburg. Roman Kopin, the Governor of the Chukotka Autonomous Okrug, Alexey Likhachev, Director General of ROSATOM, Evgeny Elin, Vice Governor of St. Petersburg, Vyacheslav Ruksha, Deputy Director General and Director of the…
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.
TENEX (an organization of ROSATOM) and ENUSA INDUSTRIAS AVANZADAS, S.A. S.M.E. (ENUSA) have extended the current contract for enriched uranium supply. TENEX has been providing ENUSA with enriched uranium product for nuclear fuel manufacture for Spanish nuclear power plants since 1975. The current long-term contact signed in 2002 is being successfully delivered and regularly renewed.…
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…
14 December 2020, Büyükeceli, Mersin Province, Turkey – Installation of the core catcher vessel into design position has been completed in the Reactor Building of Power Unit 2 of the Akkuyu NPP. The height of the core catcher shell is 5.8 metres, diameter – 6.1 metres, weight – 169 tonnes. The vessel being the main…
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.…
After the recent refueling at power unit 3 of the Hungarian Paks NPP, its VVER-440 reactor has been loaded with a batch of fresh fuel including 18 fuel bundles of the new modification. The new fuel will be introduced at all four operating power units of the Paks NPP, the number of new-modification bundles in…
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…
TVEL Fuel Company of ROSATOM and Nuclear Power Corporation of India Limited (NPCIL) have signed a supplement agreement to the fuel supply contract, aimed at the implementation of a comprehensive engineering project, including introduction of the new TVS-2M nuclear fuel and elongation of the fuel cycle from 12 to 18 months for both operating VVER-1000…
VetroSGC JSC (part of NovaWind, the ROSATOM division for wind power) and SiburEnergoManagement signed an agreement to supply power to BIAXPLEN Ltd. (part of PJSC SIBUR Holding) for BOPP film production facility in Novokuybyshevsk (Samara Region). Electricity will be supplied from the Adygeya Wind Farm. The task for the supplier and the consumer at this…
On 1-2 December the first online Global Impact Conference 2020 “Energy for Impact” was organized in partnership with ROSATOM, the Higher School of Economics and Forbes. The event brought together over 85 experts from 26 countries, representing global corporations, state institutions and NGOs. Conference participants discussed new partnerships with a view to develop human capital…
On December 2, the first session of the Board for Sustainable Business Development, Corporate Social Responsibility and Voluntary Service of the Trade and Commerce Chamber of Russia (TPP of Russia) was held. The event was on-line in the frame of the international forum Global Impact Conference 2020. The Board included representatives of large businesses, governmental…
NovaWind JSC (ROSATOM division for wind power) wins a contract for 192,5 MW capacity as part of investment project selection. This project selection was final under the first RES Capacity Supply Agreement program. The VetroSGC-2 applications totalling 192,5 MW (VetroSGC-2 JSC is part of NovaWind JSC) were selected under the investment project tender for the…
On October 3, 2020 during the working visit to Budapest (Hungary) ROSATOM Director General Alexei Likhachev met with Hungary’s Prime Minister, Viktor Orb?n. Present on the Russian side was ROSATOM Advisor to the Director General Alexander Merten along with the Russian Federation’s Ambassador in Budapest Vladimir Sergeev, while the Hungarian side was also represented by…
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…
The state-owned corporation “Rosatom” has made it into the top ten of rating of Russian companies in sustainable development which is combined by the rating agency RAEX-Europe. The rating results were presented on December 2. ROSATOM was inside TOP-10 winning the final 8th place. The corporation won the highest fifth place in governance (G), one…
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…
On November 27, concreting of cylindrical part of the inner containment in the reactor building of Unit 1 with VVER-1200 reactor was completed on Rooppur NPP site in Bangladesh. “The control milestone, which is completion of concreting of the 4th tier of inner containment up to elevation +38.500 m of Unit 1, has been completed.…
The Public Counseling Office at Rooppur NPP, being constructed in Bangladesh, is opened in Ishwardi, Pabna district. The solemn ceremony took place on November 30, the day of the 3rd anniversary of the first concrete pouring on the construction site of the first NPP unit, being built in Bangladesh with the help of Russia (the…
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…
Moscow, November 25, 2020 – The establishment of a new national project – the National Quantum Laboratory (NQL) – has been announced. The consortium created under the auspices of ROSATOM is going to adopt the international best practices and unite efforts and resources of key universities, research centers, technological companies, financial organizations, start-ups, and development…
On November 25, 2020, Deputy Director General for International Activity of ROSATOM Nikolai Spasskiy had a meeting with Extraordinary and Plenipotentiary Ambassador of the Kingdom of Bahrain to the Russian Federation A. A. Al Saati at the request of the Bahrain party. During the meeting, the parties discussed prospects of closer cooperation between ROSATOM and…
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,…
On November 19, 2020, in Moscow, the Ministry of Scientific Research and Technological Innovation of the Democratic Republic of the Congo and ROSATOM signed 2 memorandums: a memorandum on cooperation in the education and training of the nuclear personnel of the Democratic Republic of the Congo, and a memorandum on cooperation in the creation of…
Background Gazprom’s main partner in China is CNPC, a state-owned oil and gas company. Power of Siberia is the largest gas transmission system in Russia’s East. The trunkline supplies gas to consumers in Russia’s Far East and China. It has an export capacity of 38 billion cubic meters of gas per year. On May 21, 2014, Gazprom and CNPC signed the 30-year Sales and Purchase Agreement for Russian gas…
November 19, 2020, Moscow – On December 1-2, 2020 the first Global Impact Conference 2020 “Energy for Impact” will discuss human-centric solutions facilitating steady growth of the global economy. Over two days, 60 world-renowned experts from state institutions, businesses, NGOs and civil society will take part in the online event. The Global Impact Conference 2020…
November 19, 2020, 15:00 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Andreas Schierenbeck, Chief Executive Officer of Uniper, took place today via a video call. The parties reviewed the state and prospects of cooperation between the companies. Particular attention was paid to the role and significance of natural gas as a green energy source in the context of Europe’s decarbonization policy…
November 13, 2020, Ankara, Turkey – Nuclear Regulatory Board has approved the construction license for the third power unit in favor of AKKUYU NUCLEAR JSC. The license application package was submitted to the Nuclear Regulatory Authority (NRA) on March 28, 2019. After examining the application documentation, the Nuclear Regulatory Board adopted Resolution No. 2020-71/2-1 of…
On November 13, the MV Janis vessel set course for India carrying equipment for Kudankulam NPP Units 3 and 4. This is the twentieth consignment for the NPP, the cargo volume is 7100 m3. The cargo that is being shipped for Unit 3 includes polar crane equipment – crane rail, anchor rods and loading device.…
NovaWind JSC has started the construction of the Bondarevskaya wind farm in the Stavropol Region. The capacity of the third wind farm under construction in the region will be 120 MW, the planned annual average output will be 354 mln kWh. The site will have 48 wind turbines installed with a capacity of 2.5 MW…
November 17, 2020 PAO Severstal, one of the world’s largest vertically integrated steel and steel-related mining companies, has been recognized as the leader among Russian mining companies in the 2020 International Corporate Human Rights Benchmark. With a score of 11 out of 26, the Company has also outranked major international metals companies such as ArcelorMittal,…
Uranium One (a company of ROSATOM) carried out the first shipment of wood pellets to an Italian consumer company. The vessel delivered over 3 thousand tons of the product. “The Italian solid biofuel market is showing stable growth,” said Andrey Shutov, President of Uranium One. “We aim to further strengthen the cooperation with our Italian…
November 12, 2020 PAO Severstal, one of the world’s leading steel and steel-related mining companies, has launched new corporate branding to reflect the significant transformation of the business into a customer-centric innovative solutions provider. The Company’s new positioning will be presented as part of a large-scale online conference for customers and partners later today. The…
November 11, 2020, 17:50 A working meeting between Alexey Miller Chairman of the Gazprom Management Committee, and Viktor Karankevich, Minister of Energy of the Republic of Belarus, took place today in St. Petersburg. At the start of the meeting, the parties noted that the issue of repaying the debt owed by Belarusian consumers for Russian gas supplies had been completely settled. In this connection, negotiations have been launched…
On November 9, 2020 in Moscow, GEM, supported by the Ministry of Industry and Trade of Russia, has opened Russia’s first plant producing uniform line of virus and microbiology handling systems used for coronavirus tests. The production capacity is 1.5 mln handling systems a month. They will be sterilized by ROSATOM’s Sterion, the operator of…
November 10, 2020, Mersin – Equipment of major importance for Power Unit 1 – the reactor pressure vessel (RPV) – has been delivered to the Akkuyu NPP site, having covered a distance of 3,000 kilometers. The RPV is large-size equipment, which, at the NPP operation stage, accommodates nuclear fuel, and where a nuclear reaction involving…
November 9, 2020, 19:35 Marat Garaev, former Director General of Gazprom Pererabotka, has been appointed Deputy Head of Department 335 at Gazprom. The functions of Director General of Gazprom Pererabotka have been assigned to Airat Ishmurzin, Chief Engineer – First Deputy Director General of this company. Information Directorate, Gazprom +7 812 609-34-21 +7 812 609-34-05+7 812 609-34-31+7 812 609-34-27 Investment Community Related news