Medvedev News

A Chinese research ship and five escort vessels were in Vietnam's exclusive economic zone (EEZ) on Friday, close to gas blocks operated by Russian firms in the South China Sea, a day after Vietnam urged the ships to leave.The Chinese vessel Xiang Yang Hong 10 began operating in Vietnam's EEZ on May 7, representing the most significant incursion since 2019, according to Ray Powell, who leads Stanford University's Project Myoushu on the South China Sea.He said China's conduct and Vietnam's reaction were a "worrying escalation."China claims most of the energy-rich waters of the South China Sea, including areas that are within Vietnam's EEZ. The 2019 standoff lasted for more than three months and largely targeted a block then operated by Russian state oil firm Rosneft ROSN.MM.

Russian Prime Minister Dmitry Medvedev said on Monday that the Nord Stream 2 gas pipeline would be completed in a matter of months and U.S. sanctions imposed on the project last week would not be "catastrophic".Russia's new gas transit deal with Ukraine would also mollify the impact on Russian gas supplies of U.S. sanctions introduced on the pipeline project, he said.Last week a major contractor suspended work on the Nord Stream 2 project, which is led by Russia's Gazprom, due to U.S. sanctions introduced by U.S.

Russian oil producer Gazprom Neft, Gazprom gas-engine fuel, and the United Shipbuilding Corporation (USC) have concluded a tripartite cooperation and strategic partnership agreement on developing a liquid natural gas (LNG) fleet and related infrastructure.The memorandum was signed by Gazpromneft Marine Bunker Acting CEO Alexei Medvedev, Gazprom gas-engine fuel, Director General Oleg Melekhin, and USC President Alexey Rakhmanov.The agreement envisages the parties cooperating in research and development activities directed at creating production capacity both for building vessels running on LNG, and in developing LNG infrastructure. The…

The Arctic LNG carrier Christophe de Margerie, owned and operated by Sovcomflot, loaded the first batch of liquefied natural gas (LNG) produced at the third train of Yamal LNG plant, at the Port of Sabetta on the Yamal Peninsula.Dmitry Medvedev, the Russian Prime Minister, initiated the start of cargo operations via a video conference with the vessel’s Master Sergey Zybko.Dmitry Medvedev congratulated Yamal LNG on reaching full production capacity and noted:“This is a significant milestone for the entire Russian gas industry and, of course, for our international partners, and for international cooperation in the energy sector. For half a century…

The Yamal liquefied natural gas (LNG) project in Arctic Russia officially commissioned the third and last production line Tuesday.Russia's independent natural gas producer PAO Novatek announced that its joint venture Yamal LNG has reached full capacity at the plant’s three LNG trains.The Yamal LNG project was implemented in record time and on budget with the launches of the second and third trains made ahead of schedule by six months and more than a year, respectively. Russian Federation Prime Minister Dmitry Medvedev participated in the official ceremony commemorating this milestone event at Yamal LNG.Yamal LNG is comprised of three liquefaction trains with a total nameplate capacity of 16.5 mmtpa, or 5.5 mmtpa per LNG train.

A ceremony raising the flag of the Russian Federation and naming a new multifunctional icebreaking platform supply vessel, Yevgeny Primakov, took place on February 3, 2018 in Saint Petersburg. The vessel was built by Arctech Helsinki Shipyard, a subsidiary of the United Shipbuilding Corporation; technical supervision was carried out by the Russian Maritime Register of Shipping (RS), which assigned the vessel a high ice class – Icebreaker6. Yevgeny Primakov’s design and construction…

Alexey Miller, Chairman of the Gazprom Management Committee, and Nguyen Quoc Khanh, Chairman of the Board of Directors of Vietnam Oil and Gas Group (PetroVietnam), signed today in Moscow a number of documents to strengthen cooperation between the companies. The signing ceremony was attended by Dmitry Medvedev, Prime Minister of the Russian Federation, and Nguyen Xuan Phuc, Prime Minister of the Socialist Republic of Vietnam (SRV). the Addendum to extend the Cooperation Agreement on personnel training. According to the Memorandum of Understanding on the development of new oil and gas projects, the parties plan to examine further opportunities for mutually beneficial cooperation in the field of hydrocarbon prospecting, exploration and development.

China said on Sunday it will continue to build military and civilian facilities on its artificial islands in the disputed South China Sea and the United States was testing it by sending warships through the area. "Building and maintaining necessary military facilities, this is what is required for China's national defence and for the protection of those islands and reefs," Vice Foreign Minister Liu Zhenmin told a news conference in Kuala Lumpur. China planned to "expand and upgrade" the civilian facilities on the islands "to better serve commercial ships, fishermen, to help distressed vessels and provide more public services", Liu said, adding that China rejects the notion that it is militarising the South China Sea. He said China has mostly built civilian facilities.

Russian President Vladimir Putin has taken a high-profile dive to the bottom of the Black Sea to explore an ancient shipwreck off Crimea in a submersible, in a stunt aimed at cementing his image as adventurer and control of the annexed territory, reports AFP. The Russian leader, who is on a three-day visit to recently annexed Crimea, was wearing a beige pantsuit and plunged down to a depth of 83 metres seated alongside the pilot in the glass-bubble cabin of the Dutch-made vessel. His head could be seen poking from the submersible vessel's glass dome structure before he took it 83m below the water off the coast of the Crimean Peninsula, which Russia seized from Ukraine last year.

Egypt staged a show of international support on Thursday as it inaugurated a major extension of the Suez Canal which President Abdel Fattah al-Sisi hopes will power an economic turnaround in the Arab world's most populous country. The former armed forces chief, who led a military takeover two years ago but ran for president as a civilian last year, told a ceremony attended by leaders of France, Russia, Arab and African states that Egypt would defeat terrorism. The $8 billion New Suez Canal project was completed in just one year instead of three on Sisi's orders…

Russian gas producer Gazprom is not considering building a gas pipeline to Japan because of ecological reasons, the firm's deputy CEO, Alexander Medvedev, said on Tuesday.   Medvedev said Japan was a target market for liquefied natural gas (LNG).     (Reporting and writing by Katya Golubkova, editing by Elizabeth Piper)

Russian top natural gas producer expects its gas exports to the European Union and Turkey to increase to 152-153 billion cubic metres this year, Gazprom's deputy head Alexander Medvedev said on Wednesday.   In 2014, the exports stood at 147 bcm.   Medvedev also said that gas exports to Ukraine will not exceed last-year level of around 15 bcm, which would not be enough to provide for a steady Russian gas exports to Europe in winter.     (Reporting by Vladimir Soldatkin; Editing by Lidia Kelly)

Gazprom held the 10th annual Investor Day for the first time in the Asia-Pacific Region – in Hong Kong (February 3) and Singapore (February 5). Taking part in the events were Andrey Kruglov and Alexander Medvedev, Deputy Chairmen of the Gazprom Management Committee; Dmitry Lyugai and Vsevolod Cherepanov, Members of the Gazprom Management Committee as well as heads of the Company’s specialized structural units and subsidiaries. The events were met with great interest by the investment community. In Hong Kong the Investor Day was attended by over 110 portfolio managers and analysts from major international investment funds and credit institutions. In Singapore it attracted more than 120 visitors.

Vienna hosted today the signing of an Addendum to the existing contract for gas supply to Austria between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Gerhard Roiss, Chief Executive Officer of OMV. The document is to adjust the contract terms and conditions to the changing market environment and make Russian gas more competitive in the Austrian market.

Russia’s renewed focus on the commercial shipbuilding industry was set as a key aim by Prime Minister, Dmitry Medvedev in his recent discussions on the development of the sector through 2015. Various industry ministries have been charged with analysing industry prospects until 2030, with the findings to be submitted by January 2015. The Russian Energy Ministry was instructed to study the needs in dedicated fleet and other marine solutions for exploration, drilling and the transportation of crude oil, gas and gas condensate by 2030. This is to be undertaken in conjunction with OAO Rosneft, OAO Gazprom, LUKOIL, JSC NOVATEK and other stakeholders, taking into account the planned production volumes of hydrocarbons while developing offshore fields.

Russia’s renewed focus on the commercial shipbuilding industry was set as a key aim by Prime Minister, Dmitry Medvedev in his recent discussions on the development of the sector through 2015. The 2015 impetus on competitive opportunity coincides with the 13th International Maritime Exhibition and Conferences of Russia – NEVA 2015. This event provides a collaborative, global platform to promote Russia's Commercial Shipbuilding, Ship Equipment and related Maritime industries. Various industry ministries have been charged with analyzing industry prospects until 2030…

Alexey Miller, Chairman of the Gazprom Management Committee, inaugurated today a new office building of Gazprom Export in St. Petersburg. Taking part in the ceremony were Mikhail Mokretsov, Vice-Governor of the city of St. Petersburg, Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee, Elena Burmistrova, CEO of Gazprom Export, and city authorities. The new HQ is located in the city center, the Ostrovskogo Square, and occupies the reconstructed premises built in 2006. During the upgrade the building was redesigned and its bearing structure was reinforced according to international standards. “We've opened Gazprom Export's brand new and modern HQ in the 'most European city of Russia'. It's very symbolic as Europe will be in greater need for Russian natural gas. St.

The Australian Defense Force said it is monitoring Russian naval vessels that are currently transiting through international waters to the north of Australia. In accordance with international law, Defiance has been monitoring the Russian vessels. Defense regularly undertakes maritime surveillance patrols in the approaches to Australia.  The movement of these vessels is entirely consistent with provisions under international law for military vessels to exercise freedom of navigation in international waters. Russian naval vessels have previously been deployed in conjunction with major international summits, such as the APEC meeting in Singapore in 2009. A warship from Russia’s Pacific Fleet also accompanied former Russian President Medvedev’s visit to San Francisco in 2010.

Gazprom and Sovcomflot named the new state-of-the-art 170,000m³ liquefied natural gas carrier (LNGC) Pskov, after one of the oldest Russian cities. The ship will be chartered to Gazprom Global LNG (GGLNG) under a long-term contract. The LNGC Pskov is the second vessel in a series of high-specification, ice class Atlanticmax LNG carriers that have been specially designed in accordance with Gazprom’s requirements, and will support Gazprom’s global commercial operations in the gas markets. The first LNGC, Velikiy Novgorod, was delivered and entered service in January of this year. The naming ceremony took place at the STX shipyard, South Korea.

On August 25, 2014, the naming ceremony for the Pskov high-tech liquefied natural gas (LNG) carrier was held at the South Korean shipyard STX Offshore & Shipbuilding. The ceremony was attended by Aleksander Medvedev, Deputy Chairman of the Gazprom Management Committee, Evgeniy Ambrosov, Senior Executive Vice-President of OAO Sovcomflot, Nikolay Grigoriev, Director of Global Shipping & Logistics of Gazprom Marketing and Trading, representatives of the management of STX Offshore & Shipbuilding yard…

The government supplemented the list of the subsoil sites of federal importance that are available for use without auctions. The Prime Minister of Russia, Dmitry Medvedev, signed the respective decree.The list includes the Pritaymyrsky subsurface site in the Laptev Sea, as well as the Kheysovsky site in the Barents Sea. The area of the Pritaymyrsky plot is 20,619,000 sq. km. The extractable reserves are estimated to be 104.6 million tonnes. Gas reserves total 362.8 billion cubic meters. The Kheysovsky site covers an area of 83,590,000 sq. km. Its recoverable oil reserves are estimated at 118.1 million tonnes. Gas reserves are 2.081 trillion cubic meters. The right to use the latter was received by Russian monopolist Gazprom. The owner of the Pritaymyrsky site is Rosneft.

Led by Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee the Company's delegation paid a working visit to Bosnia and Herzegovina today. As part of the visit, meetings were held with the Government officials, namely Bakir Izetbegovic, Chairman of the Presidency of Bosnia and Herzegovina, Zeljko Komsic, Member of the Presidency, Vjekoslav Bevanda, Chairman of the Council of Ministers, and Zlatko Lagumdzija, Vice Chairman of the Council of Ministers – Minister of Foreign Affairs. Alexander Medvedev also held talks with Boris Tucic, Minister of Foreign Trade and Economic Relations of Bosnia and Herzegovina – Co-President of the Russian-Bosnian Committee on Trade and Economic Cooperation.

Astana hosted today a working meeting between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Uzakbai Karabalin, Minister of Oil and Gas of the Republic of Kazakhstan. The parties discussed further cooperation in the gas sector and, in particular, the extension of the long-term agreement till 2038 – on purchase and sale of gas produced from the Karachaganakskoye gas and condensate field. A focus was also placed on the prospects for the joint development of the Imashevskoye gas and condensate field. In addition, the parties looked into the possible development of Russian and Kazakh gas transmission networks.