December 30, 2019 “Following five days of continuous bilateral negotiations, final decisions and arrangements have been reached in Vienna. At the same time, a whole set of agreements and contracts has been signed, and one can fairly say that these arrangements represent a major package deal that has restored the balance between the interests of the parties. These documents are coming into…
Release December 30, 2019, 23:55 Pursuant to the Protocol of December 20, 2019, Gazprom, Naftogaz of Ukraine, Gas Transmission System Operator of Ukraine and the Ministry of Justice of Ukraine signed a package of documents providing for Russian gas transit across Ukraine to continue beyond December 31, 2019. Gazprom and Naftogaz of Ukraine concluded an irrevocable settlement agreement stipulating that all outstanding arbitration and judicial claims…
On December 29, the Federal Environmental, Industrial and Nuclear Supervision Service (Rostechnadzor) issued a second additional service life extension license for Unit 4 of Novovoronezh NPP for 13 years. Thus, the unit will serve for 60 years instead of thirty years as designed. Over 40 events, including those to improve safety, were carried out to…
The X session of the Joint Coordination Committee on the Project of Unit 2 modernization and life extension at Armenian NPP took place in Moscow on 26 December. The representatives of the Ministry of Territorial Administration and Infrastructure of the Republic of Armenia, Haykakan Atomayin Electrakayan JSC (Armenian NPP), Armatom Scientific Research Institute JSC, Rosatom…
Release December 27, 2019, 19:40 Gazprom boosted Yamal gas production center’s resource base. Kruzenshternskoye field’s gas reserves were increased by 360 billion cubic meters. Hi-tech directional well was built. Subsurface use right was granted for Sopochny block in YaNAA’s Tazovsky District. The Federal Agency for Mineral Resources approved the expert opinion of the State Reserves Commission with regard to the calculation…
ROSATOM has completed the first phase of wind turbines’ commissioning at its wind farm at Adygea. This marks an important milestone in further development of low-carbon programs at ROSATOM. Adygea Wind Farm with total capacity of 150 MW, which construction has been recently completed at Shovgenovsky and Giaginsky districts of the Republic of Adygea, proved…
The first Russian-made nuclear fuel assemblies with experimental accident-tolerant fuel rods (ATF) for commercial reactor have been manufactured and passed acceptance inspection at Novosibirsk Chemical Concentrates Plant, a fabrication facility of ROSATOM’s TVEL Fuel Company. Already in the first quarter of 2020, they should be loaded into one of VVER-1000 reactors at Rostov NPP. Each…
December 26, 2019 Dear colleagues, Today, we are taking stock of the year 2019. This year has already become a landmark in the history of the gas industry. A tremendous amount has been achieved. First and foremost, the Power of Siberia gas pipeline has come onstream. As you know, on December 2, the Company launched Russian pipeline gas supplies to China. This is a market with enormous potential. Power…
Release December 24, 2019, 19:15 Economic effect from Gazprom’s import substitution efforts in 2016–2018 is estimated at RUB 20.7 billion. Full range of key equipment created for operating offshore fields. 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. Gazprom is actively employing various organizational mechanisms to enhance its cooperation with…
Release December 24, 2019, 19:10 The Gazprom Board of Directors took note of the information concerning the impacts of the events of 2019 on the long-term outlook for the global energy market. It was highlighted that the ongoing global growth in natural gas consumption is one of the chief trends of 2019. China continues to demonstrate significant growth. In 2018, the country’s gas consumption went up by 18 per cent. By the end of 2019,…
Release December 24, 2019, 19:00 Gazprom’s overall amount of investments for 2020: RUB 1,104.7 billion. This budget will provide full coverage of Gazprom’s liabilities without deficit. The Gazprom Board of Directors took note of the Company’s preliminary operating results for 2019 and the projected investment program and budget (financial plan) for 2021–2022. In addition, the Board of Directors approved the investment program and budget (financial…
Release December 24, 2019, 18:55 Dividends will be calculated based on adjusted net profit under IFRS. Target level of payouts – at least 50 per cent – is to be reached in three years. Dividend calculation mechanism was made as transparent as possible. The Gazprom Board of Directors approved the new revision of the Company’s Dividend Policy. The document, which was developed as part of the effort to streamline the financial strategy of Gazprom, takes into account…
Release December 24, 2019, 15:20 Total amount borrowed: EUR 11.4 billion. Financing is provided by 22 banks from Europe, Asia, and Russia. Unprecedented deal in Gazprom’s history and one of Europe’s largest in last few years. Gazprom Pererabotka Blagoveshchensk and Gazprom completed the signing of project finance documentation for the construction of the Amur Gas Processing Plant (GPP). The total amount of debt financing is EUR 11.4 billion.…
The agency noted, among other things, that PhosAgro’s Baa3 rating reflects the Company’s significant global market presence and focus on premium-priced value-added complex fertilizers; strong margins through the cycle, underpinned by its high-quality mining resources, self-sufficiency in key raw materials, and access to low-cost sulphur and natural gas; and balanced financial policy and public commitment…
December 21, 2019, 17:25 Alexey Miller, Chairman of the Gazprom Management Committee: “In line with the Protocol on gas cooperation, Gazprom and Naftogaz will sign an agreement to settle their mutual claims under the existing contracts, thereby restoring the balance between the interests of the parties. According to the settlement agreement, no new claims shall be filed, the pending arbitration and legal claims shall…
Release December 21, 2019, 17:20 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Li Yong, Vice President of China Petrochemical Corporation (Sinopec Group), took place today in St. Petersburg. The parties discussed their potential areas of cooperation. Information Directorate, Gazprom Related news
The molten core catcher or the so-called ‘melt trap’ has been installed at its design position under the reactor vault of the 2nd power block of Kursk NPP that is being constructed following the VVER-TOI project. ‘A molten core catcher is a unique development of the Russian nuclear power experts and one of the key…
19th December, 2019, Pevek, Russia – The floating power unit (FPU) Akademik Lomonosov has been connected to the grid, generating electricity for the first time in the isolated Chaun-Bilibino network in Pevek, Chukotka, Russia’s Far East. This happened after the Russian regulator Rostekhnadzor issued an operations permit, as well as permission to connect to the…
News from projects and regions December 18, 2019, 19:00 Photos On December 17, the first practical session of the Secrets of Beauty and Creativity museum workshop for children with disabilities was held in Saratov. The training course consisting of 10 classes was developed by the Radishchev State Art Museum with support from Gazprom Transgaz Saratov. The workshop group includes 10 pupils aged 9 to…
Background Gazprom Dobycha Noyabrsk, a wholly-owned subsidiary of Gazprom, develops seven fields, including four gas fields, two gas and condensate fields, and one oil, gas and condensate field. The company’s facilities, among them three gas production sites and three gas production directorates, are located in the Yamal-Nenets Autonomous Area, Kamchatka, and Yakutia. Gazprom Dobycha Noyabrsk takes part in the state-run Eastern…
Moscow – The Board of Directors of PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, has taken under advisement the Company’s main budget parameters for 2020. PhosAgro CEO Andrey Guryev said: “Given the current pricing environment in global fertilizer markets, it was recommended that the Management Board consider…
December 18, 2019 PAO Severstal, one of the world’s leading vertically integrated steel and mining companies, announced that its venture capital arm, Severstal Ventures, has made a minority investment in Modumetal, Inc., the leader in the innovation and commercialization of a novel class of nanolaminated alloys. Severstal Ventures joins existing Modumetal stakeholders, including Vulcan Ventures,…
The Federal Service for Ecological, Technological and Nuclear Supervision (Rostekhnadzor) has issued a licens for an extended (outside of the designed one) lifespan for the operation of the Smolensk NPP 3rd power block for another 15 years. That said, the power block will be in service for 45 years instead of the original 30 years.…
Release December 16, 2019, 15:05 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, Belarusian Minister of Energy, took place today in St. Petersburg. The parties discussed relevant matters of cooperation in the gas sector from 2020 onward. The main focus was on the…
Release December 13, 2019, 18:50 Another round of bilateral negotiations on gas between Russia and Ukraine took place today in Vienna. The negotiations involved Alexey Miller, Chairman of the Gazprom Management Committee, and the heads of Naftogaz of Ukraine, Gas Transmission System Operator of Ukraine and the National Commission for State Regulation of Energy and Public Utilities. The parties discussed issues related to cooperation in the…
As a part of the Rosenergoatom Joint-Stock Company’s digital transformation project, the Kola NPP has successfully delivered a pilot project on the implementation of automated control for personal protection compulsory adequate use program. The first batch of the innovative system has started its way in the substation integration module rooms where staff works with high-voltage…
One of the first projects in Russia to create smart personal protective and personnel positioning equipment was implemented. Smart Helmets — the staff positioning system that allows to remotely control observance of safety instructions at work and monitor the employee movement and condition during work. The project is an element of the Unified Digital Strategy…
Release December 12, 2019, 15:10 Gazprom is creating cutting-edge hi-tech solutions. Economic benefit of implemented solutions exceeds RUB 60 billion. The award ceremony for the 2019 edition of the corporate Science and Technology Prize took place at the meeting of the Gazprom Management Committee. It was noted at the event that the total economic benefit of the award-winning solutions and technologies exceeds RUB 60 billion. The top prize…
Release December 12, 2019, 15:00 The Gazprom Management Committee took note of the information about the impacts of the events of 2019 on the long-term outlook for the global energy market. It was highlighted that the ongoing growth in natural gas consumption around the world is one of the chief trends of 2019. China continues to demonstrate significant growth. In 2018, the country’s gas consumption went up by 18 per cent.…
Release December 12, 2019, 14:40 Gazprom’s overall amount of investments for 2020: RUB 1,104.7 billion. Gazprom’s borrowings for 2020: RUB 557.8 billion. Final investment program and budget to be approved by Gazprom Board of Directors. The Gazprom Management Committee took note of the Company’s preliminary operating results for 2019 and the projected investment program and budget (financial plan) for 2021–2022. The Management Committee also endorsed the…
Release December 12, 2019, 14:30 It is proposed that dividends be calculated based on adjusted net profit under IFRS. Target level of payouts – at least 50 per cent – is to be reached in three years. New version of Dividend Policy will be submitted for approval by Gazprom Board of Directors. The Management Committee endorsed the draft new revision of Gazprom’s Dividend Policy. The document, which was developed as part of the effort to streamline the financial strategy…
On December 10, 2019, a delegation of the Ministry of Scientific Research and Technological Innovation of the Republic of the Congo headed by Minister M. P. E. Cussu-Mawungu arrived to Moscow by an invitation of Director General of ROSATOM Alexey Likhachev. The Congolese delegation was familiarized with capabilities and competences of the Russian nuclear industry…
Release December 11, 2019, 19:20 Andrey Fick has been appointed Head of Department 644. Andrey Fick was born in the Krasnodar Territory in 1969. He graduated from Krasnodar Polytechnic Institute in 1993, majoring in Mechanical Engineering Technologies. He obtained his second university degree from Kuban State Technological University in 2000, majoring in Cryo-Engineering. He has an MBA degree and a PhD degree in Engineering. He has been a member of Gazprom’s team…
On 11 December, 2019 specialists of Power Unit No.1 of Belarus NPP (the General Designer and the General Contractor – Rosatom State Corporation Engineering Division) have proceeded to the reactor plant hot run – the most large-scale stage of the commissioning works before physical start-up. According to Mr. Vitaliy Polyanin, Vice-President and Director of Belarus…
Electrochemical Plant (ECP, an enterprise of TVEL Fuel Company of ROSATOM in Zelenogorsk, Krasnoyarsk region, East Siberia) and Orano Projects (France) have signed the contract for supply of equipment for construction of the second installation for de-fluorination of depleted uranium hexafluoride (DUHF) on the site of ECP. The document is signed by Sergey Filimonov, Director…
December 9, 2019, Cairo (Egypt) – ROSATOM took part in the Fifth Arab Forum on the Nuclear Energy Prospects for Electricity Generation and Seawater Desalination held in Cairo from December 2 to 4. The conference organized by Arab Atomic Energy Agency (AAEA) and Nuclear Power Plants Authority. It brought together stakeholders of nuclear industry of…
On December 9, 2019, ROSATOM and Delo Group signed documents on JSC Atomenergoprom’s equity investments in Delo Group with an ownership interest of 30%. For ROSATOM the document was signed by Director of JSC Atomenergoprom Kirill Komarov; for Delo Group it was signed by President of Delo Group Sergey Shishkarev. According to the signed documents,…
December 09, 2019, Ankara, – AKKUYU NUCLEAR JSC and Turkish System Operator TEIAS have signed the Republic of Turkey Transmission Grid Connection Agreement. The conclusion of this agreement will enable AKKUYU NUCLEAR JSC and TEIAS to commence full-scale work on creating a power distribution scheme for Akkuyu NPP, which will include 6 high-voltage transmission lines…
December 9, 2019 PAO Severstal and Italian company Valvitalia have signed a distribution agreement for Severstal to supply Valvitalia products and solutions to its customers in the energy industry. Partnering with the global leader in TPA production will enable Severstal to provide its customers with a comprehensive offer based on the experience, competencies and expertise…
Release December 6, 2019, 20:10 The bilateral negotiations at the expert level between Gazprom and Gas Transmission System Operator of Ukraine with regard to the terms of transiting Russian gas to Europe from 2020 onward continued today in Vienna. The parties discussed the results of their interaction in the past week and agreed to continue their work together. Information Directorate, Gazprom Related news
Release December 6, 2019, 19:45 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 St. Petersburg. Alexey Miller briefed Georg Graf Waldersee at length about the progress of the Russian-Ukrainian negotiations on cooperation in the gas sector from 2020…
Background The International Business Congress (IBC) is an international non-governmental and non-profit organization. The IBC consists of 124 members from 24 countries, among them Gazprom, OMV AG, Deutsche Bank, N.V. Nederlandse Gasunie, J.P. Morgan Bank International, KPMG, Mitsubishi, Mizuho Bank, Siemens, Shell, Equinor, Schneider Electric, Sumitomo Mitsui Banking Corporation, Total, Uniper, Wintershall Dea, Sakhalin Energy, Srbijagas, and others. The IBC’s supreme body…
Release December 5, 2019, 18:00 Alexey Miller, Chairman of the Gazprom Management Committee, and Ulziisaikhan Enkhtuvshin, Deputy Prime Minister of Mongolia, signed today in Sochi a Memorandum of Understanding. The document provides for a joint assessment of the feasibility of pipeline gas supplies from Russia to China across Mongolia. Information Directorate, Gazprom Related news
Siberian Chemical Plant (a subsidiary of TVEL Fuel Company of ROSATOM in Seversk, Tomsk region, West Siberia) has signed the contract with Concern Titan-2 engineering company for construction and installation works within the project of BREST-OD-300 lead-cooled fast neutron reactor facility. The total contract value is 26.3 billion rubles. The contractor will accomplish construction of…
TVEL JSC and Kozloduy NPP have signed contractual documents for supplies of Russian nuclear fuel to the Bulgarian nuclear power plant for the period up to and including 2025. TVEL will continue to provide complete nuclear fuel supplies, which include not only fuel assemblies fabrication services, but also all antecedent stages of the production chain…
December 04, 2019 – Rusatom Automated Control Systems JSC (RASU JSC) and the Federal State Autonomous Educational Institution for Higher Education “Peter the Great St. Petersburg Polytechnic University” (FSAEI HE SPbPU) signed an agreement on strategic partnership and cooperation in science and technology on the sidelines of Power Grids International Forum in Moscow. The document…
Release December 3, 2019, 16:20 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Ukhnaagiin Khurelsukh, Prime Minister of Mongolia, took place today in Moscow. The parties discussed the prospects of energy cooperation. It was also noted that in November 2019 Gazprom Export carried out the first small-scale delivery of Russian liquefied natural gas to Mongolia. Background On November 4, 2019, Gazprom Export delivered…
TVEL JSC has shipped to India the final consignment of uranium fuel pellets for BWR reactors and thereby fulfilled the relevant contract with the Department of Atomic Energy of the Government of India. The total volume of the supplied fuel pellets exceeded 50 tons, all shipments have carried out in 2019. The fuel pellets made…
On December 3, within the framework of the International Forum “Electric Networks” (IFES), held in Moscow, Rusatom Automated Control Systems JSC (RASU JSC), part of ROSATOM, concluded a memorandum of understanding with Assystem French company in the field of consulting services for the design and implementation of industrial control systems. On the part of RASU…
Release December 2, 2019, 13:05 Power of Siberia gas pipeline has come onstream. Gas production center has been set up in Yakutia. Conditions for further gas grid expansion have been created in eastern Russia. A ceremonial event marking the start of first-ever pipeline supplies of Russian gas to China via the eastern route – the Power of Siberia gas trunkline – took place today. Taking part in the event…
Release December 2, 2019, 09:40 Power of Siberia is facilitating gas grid expansion in Amur Region. About 3,000 permanent jobs will be created at Amur GPP. A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Vasily Orlov, Governor of the Amur Region, took place today in Blagoveshchensk. The parties discussed issues related to enhancing their strategic cooperation in light of the start-up of the Power of Siberia gas…
December 2, 2019 Karelsky Okatysh, the leading plant for the extraction and processing of iron ore in Russia (part of PAO Severstal), has been commended by one of its largest customers – voestalpine AG, which it supplies with fluxed iron ore pellets. In a letter from voestalpine’s headquarters in Linz, Austria, the leading global technology…
Release November 29, 2019, 21:00 The final round of the 9th Energy 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 today in Moscow. The winners of the 9th Energy of Victories national sports journalism festival contest are as follows: Best Article (federal media): 1st place – Yury Golyshak,…
Release November 29, 2019, 19:35 The negotiations on gas between Russia and Ukraine continued today in Vienna in accordance with the agreements reached the day before to intensify joint work on a bilateral basis. The negotiations were conducted at the expert level and involved representatives of Gazprom and Gas Transmission System Operator of Ukraine. The parties discussed technical aspects related to the terms of transiting Russian…
Background In 2018, Gazprom’s gas supplies to Germany hit a record high of 58.5 billion cubic meters, an increase of 5.1 billion cubic meters (9.5 per cent) against the 2017 record of 53.4 billion cubic meters. Wintershall Dea GmbH is Europe’s largest independent oil and gas producer, formed by the merger of Wintershall Holding GmbH (subsidiary of BASF) and DEA Deutsche Erdoel AG (subsidiary of LetterOne). Nord Stream…
Release November 29, 2019, 16:35 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Francois Fillon, French politician, took place in St. Petersburg today. The parties discussed the current development trends of the French and European energy markets, while also stressing the importance of the Nord Stream 2 project for reliable supplies of Russian gas to European consumers. Alexey Miller and…
The Russia–Brazil Business Council, led by Andrey Guryev, and the Brazilian Trade and Investment Promotion Agency Sign Memorandum on Mutual Support for Exports and Investments Moscow – The Russia–Brazil Business Council, led by PhosAgro CEO Andrey Guryev, and the Brazilian Trade and Investment Promotion Agency have concluded a memorandum on mutual support in the areas…
Release November 29, 2019, 10:00 IFRS results 2019 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, 2019. The table below presents the unaudited consolidated interim condensed statement of comprehensive income for the nine months ended…
Release November 28, 2019, 21:15 Vienna hosted today the negotiations on gas between Russia and Ukraine involving Alexander Novak, Minister of Energy of the Russian Federation, Alexey Orzhel, Minister of Energy and Environmental Protection of Ukraine, Alexey Miller, Chairman of the Gazprom Management Committee, as well as the heads of Naftogaz of Ukraine and Gas Transmission System Operator of Ukraine. The parties discussed Russian-Ukrainian cooperation in the gas…
27 November 2019, Jeddah (Saudi Arabia) – ROSATOM held a workshop on Russian nuclear technologies for representatives of Saudi companies based in the west of the country. The workshop was held at the venue of the Jeddah Chamber of Commerce and under its support. In the welcoming speech Alexander Voronkov, director of Rosatom Middle East…