First session of the Board for Sustainable Business Development, Corporate Social Responsibility and Voluntary Service of TPP of Russia was held

Business

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…

Photo Essay. Power of Siberia: inside look

Business

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…

ROSATOM made it into the top ten of rating of Russian companies in sustainable development by RAEX-Europe agency

Business

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…

Power of Siberia’s first year: reliable operation, increased supplies, above-target amounts

Business

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…

Gazprom’s financial information under International Financial Reporting Standards (IFRS) for the nine months ended September 30, 2020

Business

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…

Management Committee reviews progress of gas supply and gas infrastructure expansion in Russian regions

Business

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…

Gazprom Management Committee endorses drafts of investment program and budget for 2021

Business

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…

Russia sets up National Quantum Lab

Business

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…

Deputy Director General of ROSATOM Nikolai Spasskiy had a meeting with Ambassador of the Kingdom of Bahrain to the Russian Federation A. A. Al Saati

Business

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…

Digital technologies prove to be important tool in achieving Gazprom’s strategic goals

Business

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…

Gazprom planning to bring gas to some 3,500 rural communities by 2026

Business

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…

Board of Directors discusses impacts of 2020’s events on prospects of shale gas and LNG sectors

Business

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…

ROSATOM and the Democratic Republic of the Congo will devel workforce capacity and make efforts to create a positive public opinion on nuclear energy

Business

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…

Gazprom continuing to supply gas via Power of Siberia in excess of planned amounts

Business

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…

International Leaders to Discuss Human-Centric Sustainability at Global Impact Conference 2020

Business

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…

Gazprom and Uniper highlight essential role of natural gas in achieving EU’s decarbonization policy goals

Business

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…

Uranium One Enters Italian Biofuel Market

Business

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…

Negotiations launched on gas supply conditions for Belarus from January 1, 2021

Business

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…

JSC Rusatom Healthcare and GEM signed a contract for sterilization of products of the new plant producing microbiology material handling systems

Business

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…

Staff appointments

Business

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

Laboratory for COVID-19 testing opens in Ukhta with support from Gazprom

Business

News from projects and regions November 6, 2020, 15:20 On November 5, a polymerase chain reaction (PCR) laboratory was opened at the Ukhta City Outpatient Clinic. The laboratory will increase the number of tests for the new coronavirus infection (COVID-19) performed in the region and reduce the waiting time for their results. Before the launch of this facility, laboratories of this kind…

Gazprom obtains record-high gas inflow on Kara Sea shelf

Business

Background The Leningradskoye gas and condensate field is located in the Kara Sea within the Leningradsky licensed block. The field’s current recoverable gas reserves are estimated to total 1.9 trillion cubic meters and are classified as unique. In October, a new gas deposit was discovered at the field as a result of drilling and testing of an exploratory well. Commercial gas inflow was obtained with a flow rate…

Turbine Idle Run at Unit 1 of Belarusian NPP

Business

On October 30, 2020 at the Belarusian NPP (General Designer and General Contractor: Engineering Division of ROSATOM), specialists brought the turbo aggregate rotors to the nominal idle speed (without grid connection), which is one of the most important and crucial operations at the stage of the unit preparation for electricity generation. The rotation start  is…

Gazprom to increase efficiency of its activities through introduction of digital technologies

Business

October 29, 2020, 16:40 The Gazprom Management Committee 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 the corporate governance and achieve the strategic goals of the Gazprom Group. Today, the Company is at the final stage…

Required amount of gas totaling 72.3 billion cubic meters injected into Russian UGS facilities in preparations for winter

Business

October 29, 2020, 16:30 Daily deliverability of the UGS facilities has been maintained at the record level of 843.3 million cubic meters. All 13 sets of planned preventive maintenance and repair operations were performed. The Gazprom Management Committee reviewed the operational readiness of the Unified Gas Supply System (UGSS) facilities for peak loads expected in late 2020 – early 2021, as well as the measures necessary to ensure uninterrupted gas…

Severstal issues the Audit ad Assurace Policy

Business

October 29, 2020 PAO Severstal, one of the world’s largest vertically integrated steel and mining companies, announces that the Company’s Audit Committee has issued its Audit and Assurance Policy for the three years ending 31 December 2022 which includes the directors’ Risk Report and the directors’ view of its Material Matters. This follows a public…

Russian enterprises expanding capabilities for manufacturing of offshore production equipment

Business

October 28, 2020, 09:55 The Gazprom Board of Directors took note of the information on expanding the agreement of cooperation in import substitution of equipment, components, and spare parts for subsea production complexes, entered into by the Ministry of Industry and Trade of the Russian Federation and Gazprom in order to ensure the preferential use of domestic equipment in the projects for the pre-development of the Kirinskoye and Yuzhno-Kirinskoye gas and…

Gazprom facilitating development of gas exchange trading in Russia

Business

October 28, 2020, 09:50 The Gazprom Board of Directors took note of the information on the development of the natural gas exchange trading system. It was noted that the participation of the Gazprom Group entities has been systemically important for the organized gas exchange trading activities at the St. Petersburg International Mercantile Exchange (SPIMEX) since the launch of said trading in 2014. The Group offers the bulk…

Gazprom stepping up cooperation with Russian manufacturers of gas-powered equipment

Business

October 28, 2020, 09:45 The Gazprom Board of Directors took note of the information on the ongoing import substitution of products, equipment and technologies meant for the NGV market development. It was noted that the production and sale of natural gas as a vehicle fuel is among strategic activities of Gazprom in Russia. The Company is rapidly developing the CNG filling station network, consistently expands its own fleet of vehicles fueled by natural…

Amur GPP construction project is 67.1 per cent complete

Business

October 28, 2020, 09:40 The Gazprom Board of Directors expressed its approval of the Company’s ongoing work on its major investment projects. In the east of Russia, the systematic expansion of production capacities continues at the Chayandinskoye field in Yakutia. In 2020, it is planned to bring onstream 103 gas wells, a gas pre-treatment unit (GPTU-2), and a membrane unit for helium concentrate extraction. Moreover, capacity increase will be finished at the operating comprehensive gas treatment…

Gazprom Board of Directors approves revised investment program and budget for 2020

Business

October 28, 2020, 09:35 Gazprom’s overall amount of investments for 2020: RUB 922.489 billion. Gazprom’s borrowings for 2020: RUB 501.287 billion. The Gazprom Board of Directors endorsed the revised investment program and budget (financial plan) for 2020. As per the revised investment program for 2020, the overall amount of investments will stand at RUB 922.489 billion, which is RUB 182.235 billion less than was envisaged in the investment…

New natural gas filling stations opened in Moscow

Business

October 27, 2020, 11:30 Gazprom’s gas refueling network in the region has been expanded to seven facilities. Two stations of the network are the largest in Europe. Two more CNG filling stations will be opened this year. A ceremonial event celebrating the commissioning of two new infrastructure facilities for refueling motor vehicles with natural gas, eco-friendly vehicle fuel has taken place today in Moscow via…

Transaction on debut issue of Gazprom’s perpetual Eurobonds closed

Business

October 26, 2020, 17:30 The following information is not intended for use by Canadian investors or within the territory of Canada due to the sanction restrictions. For more information, see the Base Prospectus regarding Eurobonds dated October 6, 2020 . A transaction on placement of a debut issue of perpetual subordinated Eurobonds of Gazprom expressed in US dollars and euros has been closed today. The volume of investor demand has…

ROSATOM and Apulia continue cooperation by testing lutetium-177 used in cancer treatment

Business

Isotope JSC, official distributor of isotope products manufactured by ROSATOM’s enterprises, successfully delivered lutetium-177 produced according to EU GMP standards to Nuclear Medicine Department of Policlinico of Bari (Apulia, Italy) for quality evaluation. The activity was implemented within the scope of the Healthcare Memorandum of Understanding signed between Apulia Region and ROSATOM in November 2019.…

Severstal reports Q3 & 9M 2020 fiacial results

Business

October 22, 2020 PAO Severstal (MOEX: CHMF; LSE: SVST), one of the world’s leading steel and steel-related mining companies, today announces its Q3 & 9M 2020 financial results for the period ended 30 September 2020. CONSOLIDATED FINANCIAL RESULTS FOR Q3 AND 9M 2020 $ million, unless otherwise stated Q3 2020 Q2 2020 Change, % 9M…

Russian Federation flag raised on board ROSATOM’s nuclear icebreaker “Arktika”

Business

On October 21, the state flag of the Russian Federation was raised on board FSUE Atomflot’s (a ROSATOM company) universal nuclear-powered icebreaker “Arktika” in Murmansk. The list of event attendees included Mikhail Mishustin, Prime Minister of the Russian Federation, Yuri Borisov, Deputy Prime Minister of the Russian Federation, Alexey Likhachev, ROSATOM State Atomic Energy Corporation…

Gazprom and VNG discuss issues related to gas supplies

Business

October 21, 2020, 15:55 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Ulf Heitmueller, Chairman of the Executive Board of VNG, took place today via a video conference call. The parties discussed relevant issues of cooperation. It was noted that the amounts of gas supplied by Gazprom to Germany in August, September, and the first 20 days of October 2020 were higher than the…

Alexey Miller reelected as President of International Business Congress

Business

Background The International Business Congress (IBC) is an international non-governmental and non-profit organization. The IBC consists of 118 members from 23 countries, among them Gazprom, OMV AG, Bank of China, China National Petroleum Corporation, Comita D. D., DNV GL AS, Ernst and Young BV, Huawei Technologies Co Ltd., Mitsubishi, Mizuho Bank, N.V. Nederlandse Gasunie, Pietro Fiorentini S.P.A., PetroVietnam, SAP LLC, Siemens, Shell, Schneider Electric,…

Gazprom Dobycha Orenburg donates personal protective equipment for ambulance teams of Clinical Emergency Medical Service Station in city of Orenburg

Business

News from projects and regions October 20, 2020, 14:30 Gazprom Dobycha Orenburg has donated personal protective equipment for the ambulance teams of the Clinical Emergency Medical Service Station in the city of Orenburg. During the ongoing pandemic, the Station handles over 1,200 ambulance calls per day, about half of which are made by the residents of Orenburg and adjacent areas, manifesting respiratory…