Category: Business

Release October 9, 2019, 12:45 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Georg Graf Waldersee, Commissioner of the Federal Government of the Federal Republic of Germany for Gas Transit across Ukraine, took place today in Moscow. The parties discussed issues related to supplies of Russian natural gas to Europe in the period from January 1, 2020. Ukraine is currently taking steps…

Background Gazprom Transgaz Nizhny Novgorod is a wholly-owned subsidiary of Gazprom that delivers natural gas to 15 regions in the Volga and Central Federal Districts of the Russian Federation. The company’s gas transmission system is composed of trunklines stretching for over 13,000 kilometers. Gazprom Transgaz Nizhny Novgorod operates 54 compressor workshops, 284 gas compressor units, 371 gas distribution stations, 2 mobile CNG refuelers and 4 refueling modules at the premises of gas…

News from projects and regions October 5, 2019, 18:00 On October 5, employees from the companies and organizations within the Gazprom on Baikal non-profit partnership took part in an annual autumn cleanup arranged in the regional center by Irkutsk gas workers. As usual, the partnership’s teams cleaned up the outdoor area of Irkutsk Residential Care Facility No. 1, as well as the areas adjacent to the water…

Release October 4, 2019, 19:00 The award ceremony for the Oil and Gas Projects: Glance into the Future international competition for young scientists took place at the 9th St. Petersburg International Gas Forum. The top prize went to Vadim Tsygankov, associate professor at the Gubkin Russian State University of Oil and Gas (National Research University), for his project entitled Liquefied Petroleum…

Background Gazprom Transgaz Tchaikovsky is a wholly-owned subsidiary of Gazprom. The company is focused on natural gas transmission to consumers in the Perm Territory, the Republic of Udmurtia, the Kirov Region and the Republic of Tatarstan, as well as on gas transit via 15 gas trunklines to the central regions of the Russian Federation and abroad. The company maintains over 10,500 kilometers of gas trunklines carrying more than 300 billion cubic meters of gas. The…

Release October 4, 2019, 14:30 The award ceremony of the 2018 corporate contest for the best inventors and innovators took place today at the meeting of the Scientific and Technical Council of Gazprom as part of the 9th St. Petersburg International Gas Forum. The top place in the Best Inventor among Gazprom’s Subsidiaries category was shared by Gazprom Transgaz Krasnodar and Severneftegazprom. In 2018, these…

Release October 3, 2019, 21:30 A music and visual art performance entitled “Imperial Capitals: St. Petersburg – Vienna. 20th Century” took place today at the Grand Hall of the Dmitry Shostakovich St. Petersburg Academic Philharmonia. The event was held as part of the joint cultural project of Gazprom and Austria’s OMV. The concert, which was attended by more than a thousand people, became the…

Background Gazprom VNIIGAZ is the leading R&D technology center of Gazprom focused on designing and promoting cutting-edge technologies, modeling, regulatory and metrological support, supervising research activities within Gazprom’s comprehensive programs as well as devising national and regional development programs for the gas industry. VNG is engaged in natural gas imports, underground storage and consumer supplies in Germany’s eastern federal states and in Berlin. In January 2013,…

Background The spacecraft assembly project of Gazprom will make it possible to produce high-end world-class spacecraft primarily designed to increase the capacity of the Yamal orbital satellite constellation and the SMOTR remote sensing satellites owned by the Company. These space systems provide for technological communication and monitoring of the Gazprom Group’s production facilities. The in-house assembly facility is expected to reduce costs and shorten…

Background Peter the Great St. Petersburg Polytechnic University is a multifunctional state higher education institution. In 2010, it was granted the status of a national research university. It includes 11 basic institutes, units of further education, the New Production Technologies NTI Competence Center, and a complex of research units. SPbPU is one of the core universities of Gazprom. The university has the specialized department of Gazprom Transgaz Saint Petersburg, which…

Release October 3, 2019, 18:20 Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, today signed at the 9th St. Petersburg International Gas Forum a series of documents with the heads of a number of companies and Russian regions to enhance the use of natural gas as a vehicle fuel. A roadmap for accelerated development of the NGV market until 2024 was signed with Maxim Shaskolsky, Vice Governor of St.…

Background Gazprom Energoholding, a wholly-owned subsidiary of Gazprom, manages the core companies of the Gazprom Group in the power generation sector (Mosenergo, TGC-1, OGK-2, and MOEK). GPB Asset Development is a specialized company in the structure of Gazprombank (Joint Stock Company), established to improve operational efficiency in terms of asset management, restructuring of troubled assets, and supporting transactions with assets under management. REP Holding is a developer, manufacturer and supplier of next-generation…

Release October 3, 2019, 18:00 Oleg Aksyutin, Deputy Chairman of the Gazprom Management Committee, Head of Department, and Nikolai Buynov, Chairman of the Board of Directors of Irkutsk Oil Company, today signed at the 9th St. Petersburg International Gas Forum a Memorandum of Intent. Pursuant to the document, the companies intend to jointly set up the Project for exploration, production, transportation, processing and sale of hydrocarbons from…

Release October 3, 2019, 17:50 Photos The closing ceremony of the international Blue Corridor – Gas into Engines 2019 Rally for vehicles powered by natural gas took place today at the 9th St. Petersburg International Gas Forum. The race was sponsored by Gazprom and Germany’s Uniper. The ceremony was attended by Viktor Zubkov, Chairman of the Gazprom Board of Directors, and Uwe Fip,…

Release October 3, 2019, 17:45 Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, Christian Bruch, Executive Vice President and CEO of Linde Engineering, and John van der Velden, Managing Director of Linde Engineering, today signed at the 9th St. Petersburg International Gas Forum the Joint Venture Contract and Joint Venture Participants Agreement between Gazprom 335 and Linde AG. In accordance…

Background The Salzburg Festival is a world-known festival of music and drama held every summer in Salzburg, Austria. Traditionally, its program consists primarily of classical music concerts and performances of drama and opera. The Festival was founded in 1920 by poet Hugo von Hofmannsthal, theater and film director Max Reinhardt, composer Richard Strauss, head of the Wiener Staatsoper Franz Schalk, and set designer Alfred…

September 30, 2019 PAO Severstal has launched its own “Open Innovations” platform (//innovations.severstal.com/en), designed to complement the Company’s open innovations initiatives and tools. The site hosts Severstal’s initiatives for cooperating with startups, innovative teams and industry experts, as well as indicating priority areas for cooperation and specific tasks that need to be tackled today. The…

Release September 25, 2019, 19:50 Photos Infographics A working visit by Viktor Zubkov, Chairman of the Gazprom Board of Directors, took place in Nizhny Novgorod today. Viktor Zubkov held a meeting on the prospects of the Russian NGV market. Taking part in the event were Igor Komarov, Presidential Plenipotentiary Envoy to the Volga Federal District; Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee; Vladimir Markov and Vyacheslav Mikhalenko, Members of the Gazprom Management…

Key Highlights of PhosAgro’s strategy to 2020 adopted in 2013: Production of fertilizers increased more than 50% from 5.9 million tonnes in 2013 to 9.0 million tonnes at the end of 2018, with expected production of 9.4–9.5 million tonnes in 2019; Fertilizer sales volumes in the Company’s priority domestic market nearly doubled to…

Release September 24, 2019, 20:05 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. It was highlighted that Gazprom is focused on further improving its operational efficiency and maintaining technological leadership among energy companies. These efforts are being carried out in a systematic manner within the Company’s Innovative Development…

London – The Board of Directors of PhosAgro has approved a new dividend policy, under which future dividend payments will be based on the Company’s free cash flow instead of net profit, with the amount varying depending on the Company’s debt levels. The new policy will allow the Company to direct more than 75% of…

Background In August 2009, Gazprom brought into operation the Dzuarikau – Tskhinval gas trunkline to provide direct gas supplies from the Russian Federation to South Ossetia. In April 2010, Gazprom and the Government of South Ossetia signed the Cooperation Agreement until 2029. Gazprom developed the General Scheme for gas infrastructure expansion in South Ossetia. The document provides for gas infrastructure expansion in some…

Release September 23, 2019, 17:25 The Coordination Council of Gazprom and Uniper for sci-tech cooperation and staff training & development held a meeting in the Krasnodar Territory. The Co-Chairmen of the Coordination Council – Sergey Khomyakov, Deputy Chairman of the Gazprom Management Committee, Oleg Aksyutin, Deputy Chairman of the Gazprom Management Committee, Head of Department, and Andreas Schierenbeck, Chairman of the Management Board of Uniper – noted the…

Release September 20, 2019, 18:30 The Russian stage of the international Blue Corridor – Gas into Engines 2019 Rally for vehicles powered by natural gas was launched today at the Russkaya compressor station (CS) in the Krasnodar Territory. Via a video link, the participants in the Russian stage of the race took over from the European-stage crews that had traveled 5,320 kilometers from Istanbul, Turkey,…

September 18, 2019 PAO Severstal, one of the world’s leading vertically integrated steel and mining companies, has launched a pilot project under the World Steel Association’s (“Worldsteel”) “Step up” programme, which aims to reduce greenhouse gas (GHG) emissions by the global steel industry through the introduction of a new methodology. Launched at Severstal’s flagship steel…

September 17, 2019 PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s largest vertically integrated steel and mining companies, announces that it has invested in Arcanum Alloys, Inc., a Michigan-headquartered company that develops innovative steel-based alloys. Severstal is the lead investor of the round, investing approximately six million dollars in this funding round. Among…

Background Gazprom Dobycha Irkutsk, a wholly-owned subsidiary of Gazprom, operates gas and gas condensate production and treatment facilities and acts as an engineering and construction customer for the pre-development of gas and condensate fields in the Irkutsk Region, with Gazprom acting as the license holder. The Kovyktinskoye gas and condensate field, with Gazprom Dobycha Irkutsk acting as its development operator since 2011, serves as a resource base…

St Petersburg – PhosAgro CEO Andrey Guryev took part in the opening ceremony of the 21st Mendeleev Congress on General and Applied Chemistry, which was held today at the St Petersburg Mining University.  Taking place 9–13 September 2019 under the auspices of the International Union of Theoretical and Applied Chemistry (IUPAC), the congress is one…

Release September 10, 2019, 18:00 With support from the International Institute of Welding, the 2019 Arc Cup International Welding Competition took place in Langfang, China. The competition involved more than 300 professionals from 10 countries. The Russian Federation was represented by a team of 19 welders who had won awards and prizes at industry competitions. Among the participants was Anton Kamenskikh from Gazprom Transgaz…

Message to the Media September 9, 2019, 15:45 A working meeting took place today between Vladimir Putin, President of the Russian Federation, and Alexey Miller, Chairman of the Gazprom Management Committee. Alexey Miller briefed Vladimir Putin on the Company’s preparations for the upcoming autumn/winter period. Particular attention was paid to the issues of gas supplies to foreign markets. Gazprom website Editorial Board Shorthand record…

News from projects and regions September 9, 2019, 15:00 Photos On September 4–7, Gazprom Transgaz Ukhta hosted the final round of its Summer Spartakiada Games. During three competition days, teams of employees representing 23 branches from the Komi Republic and the Arkhangelsk, Vologda and Yaroslavl Regions vied for the main prizes. The finalists competed in six disciplines – football, volleyball, swimming,…

Moscow – PhosAgro (MOEX/LSE ticker: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, announces the opening of registration for the Company’s Capital Markets Day, which will be held in London on 25 September 2019. At the event, the Company’s Board of Directors and executive management team will present the Company’s new strategy…

Background The key areas of activity of Gazprom Dobycha Orenburg are production, treatment, and transportation of hydrocarbons and a number of commercial products of partner companies. The main source of raw materials for the company is the Orenburgskoye oil, gas and condensate field that contains unique components including methane, ethane, propane, butanes, helium, mercaptans, etc. This is why the Orenburg Gas Processing and Helium Plants…

Background KOGAS (Republic of Korea) is focused on the construction and operation of LNG receiving terminals and gas distribution networks, the implementation of international gas projects, and research and development in the gas industry. In 2005, Sakhalin Energy Investment Company Ltd. (in which Gazprom owns 50 per cent plus one share) and KOGAS signed the contract for the supply of 1.5 million tons of LNG per…

Background Japan’s Mitsui & Co., Ltd. is focused on the development, purchase and sale, distribution and processing of all types of energy products in Japan and overseas, as well as on financial activities. Gazprom and Mitsui are partners in the Sakhalin II project, which includes Russia’s first LNG plant. The Sakhalin II operator is Sakhalin Energy Investment Company Ltd. In December 2016, Gazprom and Mitsui signed the Agreement…

Release September 5, 2019, 10:25 Oleg Melekhin, Director General of Gazprom Gazomotornoye Toplivo, Alexey Medvedev, Acting Director General of Gazpromneft Marine Bunker, and Alexey Rakhmanov, President of United Shipbuilding Corporation (USC), today signed at the 5th Eastern Economic Forum in Vladivostok a Memorandum of Cooperation and Strategic Partnership. The document was signed in the presence of Alexey Miller, Chairman of the Gazprom Management Committee, and…

Release September 5, 2019, 10:20 An agreement of intent was concluded today at the 5th Eastern Economic Forum in Vladivostok to implement projects in the field of advanced information technologies at Far Eastern Federal University. The document was signed by Alexander Kozlov, Russian Minister for the Development of the Russian Far East and Arctic, Konstantin Noskov, Russian Minister of Digital Development, Communications and Mass Media, Alexey Miller,…

Release September 5, 2019, 10:00 Alexey Miller, Chairman of the Gazprom Management Committee, and Dmitry Konov, Chairman of the Management Board of SIBUR Holding (on behalf of the Amur Gas Chemical Complex), today signed at the 5th Eastern Economic Forum in Vladivostok a preliminary contract. The document outlines the basic terms of long-term supplies of liquefied petroleum gases (LPG) and additional volumes of ethane fraction from…