Category Archives: Business

Background The St. Petersburg International Economic Forum 2019 is being held at the EXPOFORUM Convention and Exhibition Centre from June 6 to 8. This year’s key topic is Creating a Sustainable Development Agenda. Gazprom is represented in Vietnam by Gazprom International B.V., a specialized company focused on the implementation of power generation and LNG projects outside Russia. Vietnam Oil and Gas Group (Petrovietnam) is engaged in hydrocarbon exploration, production,…

Gas processing and chemical cluster near Ust-Luga presented at St. Petersburg International Economic Forum

Release June 7, 2019, 20:30 The project for a large-scale industrial cluster to be created in the northwest of Russia in 2019–2024 was presented today at the St. Petersburg International Economic Forum 2019. The event was attended by Alexey Miller, Chairman of the Gazprom Management Committee, Konstantin Makhov, Chief Executive Officer of RusGazDobycha, Kirill Seleznev, Director General of RusKhimAlyans, Andrey Ivanov, Deputy Minister of Finance of the Russian Federation,…

Andrey Guryev – ‘Russia Has a Unique Chance to Provide the Planet With Environmentally Friendly Food’

St Petersburg – PhosAgro CEO Andrey Guryev took part in a panel session called “Responsible Development vs. Sustainable Consumption: Nature and Technology” at the St Petersburg International Economic Forum. The discussion was moderated by Andrey Fursenko, aide to the President of the Russian Federation. Panel participants included Irina Bokova, Chairperson of the PhosAgro Committee on…

PhosAgro Board of Directors Chairman Xavier Rolet Takes Part in SPIEF Panel Session “Is Modern Business Capable of Implementing Successful Long-Term Strategies?”

St Petersburg – PhosAgro Board of Directors Chairman Xavier Rolet took part in the St Petersburg International Economic Forum (“SPIEF”) panel session ‘Is Modern Business Capable of Implementing Successful Long-Term Strategies?’ organised by PwC. Last year PhosAgro set new records for mining and production output volumes, and the company achieved its goals under its long-term…

Gazprom and Siemens discuss prospects of creating joint venture in Russia

Background The St. Petersburg International Economic Forum 2019 is being held at the EXPOFORUM Convention and Exhibition Centre from June 6 to 8. This year’s key topic is Creating a Sustainable Development Agenda. Siemens AG is a leading manufacturer of electronics and electric tools. The company entered the Russian market in 1853. Gazprom Energoholding, a vertically integrated holding company (a wholly-owned subsidiary of Gazprom), manages the production companies of the…

Service contract for Grozny TPP’s gas turbines signed with Russian company

Release June 7, 2019, 15:40 Denis Fyodorov, Director General of Gazprom Energoholding, and Sergey Milto, Director General of TER-Servis, today signed at the St. Petersburg International Economic Forum 2019 a contract for the long-term service maintenance of Siemens-made gas turbines and generators at the Grozny Thermal Power Plant (TPP). The signing ceremony took place in the presence of Alexey Miller, Chairman of the Gazprom…

Gazprom planning to build power plant in Serbian city of Kragujevac

Background In June 2018, the Gazprom Board of Directors approved the Company’s power generation strategy for 2018–2027. The document provides for, among other things, the diversification of Gazprom’s power business by entering promising foreign markets. At present, the Gazprom Energoholding Group, together with NIS a.d. Novi Sad (Gazprom Neft Group), is implementing a project for the construction of a combined cycle thermal power plant…

Gazprom and Severstal update Scientific and Technical Cooperation Program

Release June 7, 2019, 15:30 Oleg Aksyutin, Deputy Chairman of the Management Committee, Head of Department at Gazprom, and Petr Mishnev, Technical Development & Quality Director of Severstal Management, today signed at the St. Petersburg International Economic Forum 2019 an updated Scientific and Technical Cooperation Program. The ceremony took place in the presence of Alexey Miller, Chairman of the Gazprom Management Committee. The document,…

RusKhimAlyans and Government of Leningrad Region sign Agreement on social and economic cooperation

Release June 7, 2019, 15:25 Kirill Seleznev, Director General of RusKhimAlyans, and Alexander Drozdenko, Governor of the Leningrad Region, today signed at the St. Petersburg International Economic Forum 2019 an Agreement on social and economic cooperation. The signing ceremony took place in the presence of Alexey Miller, Chairman of the Gazprom Management Committee, and Konstantin Makhov, Chief Executive Officer of RusGazDobycha. In line with the…

Gazprom to continue promoting sailing in St. Petersburg

Release June 7, 2019, 15:20 Alexey Miller, Chairman of the Gazprom Management Committee, Alexander Beglov, Acting Governor of St. Petersburg, and Vladimir Lyubomirov, President of the regional sports public organization St. Petersburg Yacht Club, today signed at the St. Petersburg International Economic Forum 2019 a Cooperation Agreement in the area of physical education and sports. The Agreement was made due to the expiration of a similar trilateral…

Gazprom planning to build office complex in Yuzhno-Sakhalinsk

Background The St. Petersburg International Economic Forum 2019 is being held at the EXPOFORUM Convention and Exhibition Centre from June 6 to 8. This year’s key topic is Creating a Sustainable Development Agenda. Cooperation between Gazprom and the Sakhalin Region is strategic. Within the state-run Eastern Gas Program, the Company is developing a major gas production center on the shelf of Sakhalin Island. In particular, commercial development…

Roadmap signed to expand use by Gazprom of products manufactured by Penza Region’s companies

Release June 7, 2019, 15:10 Alexey Miller, Chairman of the Gazprom Management Committee, and Ivan Belozertsev, Governor of the Penza Region, today signed at the St. Petersburg International Economic Forum 2019 a Roadmap to expand the use of hi-tech products, including import-substituting ones, manufactured by the Penza Region’s companies in the interests of Gazprom. The document covers the period up to 2021. The Roadmap will contribute…

Agreements signed for increased use of natural gas in vehicles

Release June 7, 2019, 15:05 A series of agreements on the wider use of natural gas as a vehicle fuel was signed today at the St. Petersburg International Economic Forum 2019. Alexey Miller, Chairman of the Gazprom Management Committee, and Rustam Minnikhanov, President of the Republic of Tatarstan, signed an Agreement on the implementation of two investment projects in the region, namely the construction of a liquefied natural gas (LNG) complex…

Metrology, standardization and certification agreements signed

Release June 7, 2019, 14:50 A number of cooperation agreements in the area of metrology, standardization and certification were signed today at the St. Petersburg International Economic Forum 2019. Alexey Miller, Chairman of the Gazprom Management Committee, and Denis Manturov, Minister of Industry and Trade of the Russian Federation, signed a Roadmap to introduce a Special National Primary Standard for the storage, reproduction and transfer of a flow…

Gazprom and VNG sign General Terms of Gas Supply

Release June 7, 2019, 14:45 Alexey Miller, Chairman of the Gazprom Management Committee, and Ulf Heitmueller, Chairman of the Executive Board of VNG, today signed at the St. Petersburg International Economic Forum 2019 the General Terms of Gas Supply to VNG Handel & Vertrieb (a subsidiary of VNG). According to the document, Gazprom will supply up to 3.5 billion cubic meters of gas per year to VNG Handel &…

Gazprom and OMV set price for asset sale deal

Release June 7, 2019, 14:40 Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, today signed at the St. Petersburg International Economic Forum 2019 the Contract on the amendments to the Basic Agreement on Asset Sale. The signing ceremony took place in the presence of Alexander Novak, Minister of Energy of the Russian Federation, and Elisabeth Udolf-Strobl, Minister…

Gazprom and OMV expanding cooperation

Release June 7, 2019, 14:35 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Elisabeth Udolf-Strobl, Minister for Digital and Economic Affairs of Austria, took place today at the St. Petersburg International Economic Forum 2019. The meeting participants discussed relevant issues related to cooperation. The parties noted the continued and active growth in the Austrian imports of Russian gas…

Gazprom and CNPC discuss ongoing preparations for gas supplies to China via Power of Siberia

Background The St. Petersburg International Economic Forum 2019 is being held at the EXPOFORUM Convention and Exhibition Centre from June 6 to 8. This year’s key topic is Creating a Sustainable Development Agenda. Gazprom’s main partner in China is CNPC, a state-owned oil and gas company. On May 21, 2014, Gazprom and CNPC signed the 30-year Sales and Purchase Agreement for Russian gas to be supplied via the eastern…

ROSATOM Director General Alexey Likhachev challenges world leaders to implement human-centred skills solutions

St. Petersburg, 7th June 2019 – ROSATOM Director General Alexey Likhachev has issued an invitation to world leaders from politics, business and education to join a debate to urgently implement human-centred solutions that can help solve the widening global skills gap and worsening talent shortage. Around 6% of the world’s GDP has been lost due…

PhosAgro CEO Andrey Guryev Participates in RDIF and Russia 24 Teledebate “Investments Into Russia’s Future: How to Make National Projects Attractive to Investors” at SPIEF

St Petersburg – PhosAgro CEO Andrey Guryev participated in a teledebate entitled “Investments into Russia’s future: how to make national projects attractive to investors” that was organised by the Russian Direct Investment Fund (RDIF) and the Russia 24 TV channel at the St Petersburg International Economic Forum (“SPIEF”). During the debate, RDIF CEO Kirill Dmitriev…

PhosAgro CEO Andrey Guryev Participates in RDIF and Russia 24 Teledebate “Investments Into Russia’s Future: How to Make National Projects Attractive to Investors” at SPIEF

PhosAgro CEO Andrey Guryev Takes Part in Panel Session ‘A Recipe for Global Competitiveness for Russian Industry’ at the St Petersburg International Economic Forum

St. Petersburg – PhosAgro CEO Andrey Guryev took part in a panel session titled ‘A Recipe for Global Competitiveness for Russian Industry’ at the St Petersburg International Economic Forum (“SPIEF”). The debates were focused on successful cases of Russian companies in export markets and the mechanisms through which the state can support exports. Deputy Prime…

TVEL Fuel Company of ROSATOM and Hermith GmbH establish a joint venture for titanium production

During the St. Petersburg International Economic Forum, TVEL Fuel Company of ROSATOM and Hermith GmbH (Germany), a major European titanium supplier, have concluded an agreement aimed at establishing a joint venture for production of titanium alloys. The document has been signed by President of TVEL JSC Natalia Nikipelova and Director General of Hermith GmbH Alexey…

PhosAgro and Infotech Baltika Sign Memorandum on Cooperation Concerning Fertilizer Transhipment at a Terminal Being Built in the Port of Murmansk

St. Petersburg – At the St Petersburg International Economic Forum, PhosAgro signed a memorandum of cooperation with Infotech Baltika concerning the construction of a specialised marine terminal for the transhipment of mineral fertilizers and apatite concentrate at the seaport of Murmansk. The document was signed by PhosAgro’s CEO, Andrey Guryev, and Infotech Baltika’s CEO, Alexander…

Gas exports to Hungary grow 1.6-fold since early 2019

Release June 6, 2019, 19:05 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Peter Szijjarto, Minister of Foreign Affairs and Trade of Hungary, took place today at the St. Petersburg International Economic Forum 2019. The meeting participants examined the current issues and prospects of their cooperation, putting a special focus on gas supplies. It was noted that Gazprom’s supplies to Hungary…

Alexey Miller and Serbian Minister of Mining and Energy Aleksandar Antic review status of joint projects

Background The St. Petersburg International Economic Forum 2019 is being held at the EXPOFORUM Convention and Exhibition Centre from June 6 to 8. This year’s key topic is Creating a Sustainable Development Agenda. In 2018, Gazprom exported to Serbia 2.15 billion cubic meters of gas, a 1.2 per cent increase from 2017 (2.12 billion cubic meters). In June 2017, Gazprom and the Serbian Ministry of Mining and Energy signed the roadmap…

NSR Public Council, established at the initiative of ROSATOM, holds a statutory meeting at SPIEF 2019

On June 6 on the margins of the Saint Petersburg International Economic Forum 2019, a statutory meeting of the Northern Sea Route (NSR) Public Council was conducted in the mess hall of the nuclear icebreaker Arktika which is currently under construction at the Baltic Shipyard. The meeting was attended by representatives from executive and legislative…

ROSATOM and VTB signed the agreement on the cooperation to implement Arctic projects

ROSATOM and VTB have concluded the agreement on the cooperation to implement Arctic projects. The agreement was signed on the sidelines of the Petersburg International Economic Forum. Deputy Director General and Director of Directorate of the Northern Sea Route Vyacheslav Ruksha signed the agreement for ROSATOM and Vice President and Chairman of the Board of…

Gazprom and Shell review progress of joint projects

Background The St. Petersburg International Economic Forum 2019 is being held at the EXPOFORUM Convention and Exhibition Centre from June 6 to 8. This year’s key topic is Creating a Sustainable Development Agenda. Royal Dutch Shell is a British-Dutch oil and gas holding company focused on hydrocarbon production, processing and marketing in more than 70 countries. Nord Stream 2 is the construction project for a gas pipeline with…

Core equipment for third production train being shipped to Amur GPP

Release June 6, 2019, 13:50 A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Wolfgang Reitzle, Chairman of the Board of Directors of Linde, took place today at the St. Petersburg International Economic Forum 2019. The meeting participants discussed the current progress and prospects of their cooperation, in particular the Amur Gas Processing Plant (GPP) construction project in which Linde’s equipment is used. It was…

ROSATOM and Murmansk Region signed an agreement on the “Smart City”

At the Petersburg International Economic Forum Acting Governor of Murmansk Region Andrey Chibis and Director General of Rusatom Infrastructure Solutions LLC (part of ROSATOM) Ksenia Sukhotina signed an agreement on implementation of joint initiatives regarding introduction of the “Smart City” digital solutions. Deputy Director General and Director for Development and International Business of ROSATOM Kirill…

Alexey Miller and Moldova’s President Igor Dodon discuss cooperation issues

Background The St. Petersburg International Economic Forum 2019 is being held at the EXPOFORUM Convention and Exhibition Centre from June 6 to 8. This year’s key topic is Creating a Sustainable Development Agenda. In 2018, Gazprom’s gas deliveries to the Republic of Moldova totaled 2.9 billion cubic meters of gas, an increase of 8.4 per cent against 2017 (2.7 billion cubic meters). The contracts between Gazprom and Moldovagaz for…

Gazprom and BASF discuss cooperation on gas production and Nord Stream 2 project

Release June 6, 2019, 12:05 A working meeting of Alexey Miller, Chairman of the Gazprom Management Committee, with Hans-Ulrich Engel, Vice Chairman of the Board of Executive Directors of BASF, Chairman of the Supervisory Board of Wintershall Dea, and Mario Mehren, Chairman of the Executive Board of Wintershall Dea, took place today at the St. Petersburg International Economic Forum 2019. На встрече были рассмотрены вопросы сотрудничества компаний.…

French demand for Russian natural gas growing further

Background The St. Petersburg International Economic Forum 2019 is being held at the EXPOFORUM Convention and Exhibition Centre from June 6 to 8. This year’s key topic is Creating a Sustainable Development Agenda. France’s ENGIE SA (prior to 2015 – GDF SUEZ) is focused on natural gas marketing, as well as power generation. ENGIE owns the largest gas transmission network in Europe and is the biggest UGS facility operator…

Lyons Hall of Catherine Palace restored with support from Gazprom and ENGIE

Release June 5, 2019, 19:45 Photos The Lyons Hall of the Catherine Palace at the Tsarskoe Selo State Museum Preserve (Pushkin, St. Petersburg) was reopened today after a restoration carried out with the support from Gazprom and the ENGIE Foundation (France). The unveiling ceremony was attended by Olga Golodets, Deputy Prime Minister of the Russian Federation, Sylvie Bermann, Ambassador Extraordinary…

Russia and China signed the contract for Russian-designed NPP construction on the new site

5th June 2019, Moscow – A general contract for Russian-designed power units No. 3 and No. 4 construction with VVER-1200 reactors at Xudapu nuclear power plant was signed on June 5 in Moscow in presence of heads of Russia and China. The official signing ceremony took place during President of China Xi Jinping state visit…

Rosneft Allocates over 370 Billion Roubles for Environmental Activities in Five Years

Environment protection is one of the priorities for Rosneft. The Company has allocated more than 370 billion roubles for environmental activities over the past five years. In December 2018, the Company approved its public statement — “Rosneft: contributing to implementation of the UN Sustainable Development Goals”, confirming its commitment to high social and ecological standards.…

ROSATOM will continue to supply Slovakia’s NPPs with nuclear fuel

TVEL Fuel Company of ROSATOM and the Slovak power generation company Slovenské elektrárne a.s. have signed contractual documents on supply of nuclear fuel to nuclear power plants in Slovakia for 2022-2026 with the possibility of the contract extension to 2030. The agreements have been negotiated following the victory of TVEL in the public international tender…

ROSATOM will continue to supply Slovakia’s NPPs with nuclear fuel

Russia and Slovakia strengthen their partnership in the nuclear sphere

On June 5, 2019, during the visit of Prime Minister of Slovakia Peter Pellegrini to Moscow, a memorandum of understanding on cooperation in the use of nuclear energy for peaceful purposes was signed between ROSATOM and Ministry of Economy of the Slovak Republic. On the part of ROSATOM, the document was signed by Director General…

Severstal to develop its ow digital busiesses

June 5, 2019 PAO Severstal, one of the world’s leading vertically integrated steel and mining companies, has established a new unit that will be focused on the development of digital businesses. The team will be headed by Sergey Khabarov, previously investment director at Genome Ventures, an innovative human capital development business. The new unit will…

Maximum daily deliverability of Russian UGS facilities to exceed 843 million cubic meters of gas by next winter

Release June 4, 2019, 18:20 The Gazprom Management Committee reviewed the operating results of the Company’s subsidiaries and organizations over the 2018–2019 autumn/winter period and discussed the measures to be taken for ensuring uninterrupted gas supplies to consumers in the upcoming winter. It was noted that in the past winter Gazprom, as in previous years, had provided its consumers in Russia and abroad with the required gas…

Igor Sechin Holds Keynote Speech at Annual Shareholder Meeting of Rosneft Oil Company in St. Petersburg

The Annual Shareholder Meeting of Rosneft Oil Company is held on June 4, 2019 in St. Petersburg. Rosneft Chief Executive Officer Igor Sechin held a keynote speech reviewing the results of the Company’s work in 2018. «Rosneft is the largest oil and gas company in the Russian Federation, as well as globally in terms of reserves…

Rosneft Joins Global Initiative on Methane Emission Reduction

Rosneft Oil Company has joined the initiative of the world’s leading oil and gas companies and signed “The Guidelines for Methane Emission Reduction in Natural Gas Supply Chain” (hereinafter referred to as the Guidelines). The Company’s Strategy related to compliance with the 17 Sustainable Development Goals of the UN, approved by the Board of Directors,…

Rosneft Launches Second Field of Erginsky Cluster

Rosneft has put into commission the West Erginskoye field that is a part of the Erginsky cluster. Chief Executive Officer of Rosneft Oil Company Igor Sechin ordered to launch the first oil shipment via teleconference during the Annual General Meeting of Shareholders of the Company that is taking place in St. Petersburg. The West Erginskoye…

PhosAgro Delegation Headed by Board of Directors Chairman Xavier Rolet and CEO Andrey Guryev to Take Part in SPIEF-2019