Zvezda Shipbuilding Gets USD3.09bln
Over 202 billion rubles ($3.09 billion) will be allocated for the construction of the Zvezda shipbuilding complex in Russia's Far Eastern Primorsky Region, of which 66 billion rubles have already been given.According to Sputnik, the Zvezda shipyard, once completed, will comprise production facilities and workshops for that will be used to build marine equipment, including gas carriers, tankers and nuclear icebreakers.The report quoted Russian Deputy Prime Minister Yury Borisov…
Zvezda Shipyard Order Jumps Up by 42%
Russian Zvezda Shipbuilding Complex has increased its portfolio of orders by 42 percent in the second half of 2018.The shipbuilding and engineering complex in the town of Bolshoy Kamen in the Russian Far East said that currently, it has a total of 37 vessels in its orderbook and is in the process of securing new contracts.Zvezda’s anchor customer is Rosneft, which placed an order for 26 vessels, including 12 Arc6 and Arc7 ice-class tankers, 4 ice-class multi-purpose support vessels…
Zvezda Cancels Tender to Import South Korean Ship Parts
Russia's new far eastern Zvezda shipyard has cancelled a tender to import key parts for a crude oil tanker from South Korea's Hyundai, RIA news agency reported on Monday, citing a database of state purchases.Kommersant newspaper had reported that Zvezda issued a tender to import a stern, bow sections an anchors for an Aframax crude oil tanker ordered by Rosneft despite an earlier plan to construct the tanker at the shipyard.The Zvezda shipyard, which is being built by a consortium of oil giant Rosneft…
Putin Okays Loading Start at Yamal LNG
President Vladimir Putin on Friday launched the first loading of liquefied natural gas at the Novatek-led Yamal LNG project in the Arctic, which will further expand Russia's global energy reach. The Yamal project, which required investments of $27 billion, will allow Russia to fulfil a plan to double its share of the global LNG market by 2020 from around 4 percent now. The LNG was loaded onto the ice class tanker "Christophe de Margerie", named after the former head of France's energy major Total, who died in a plane crash in Moscow in 2014. Total holds a 20 percent stake in Yamal LNG.
Rosneft, Hyundai Samho Strengthen Technological Cooperation
Rosneft and Hyundai Samho Heavy Industries Co. Ltd. (HSHI) signed an agreement under which the South Korean company will provide technical support in the design and construction of Aframax class vessels at the Zvezda shipyard in Bolshoy Kamen. The agreement is a legally binding document. The document was signed as a part of the development of the agreement, under which a joint venture "Zvezda-Hyundai" was established in May 2017 between Shipbuilding Complex Zvezda and HSHI in the field of engineering and project management.
French Banks Eye Yamal LNG Project
French banks may participate in lending for the Russia's Yamal liquefied natural gas (LNG) project, a relevant agreement may be signed in 2016, Tass reported quoting Russia's Economic Development Minister Alexei Ulyukayev. "As for French banks - we have made very serious progress there, we are very optimistic about it. I do hope [that the agreement on lending will be signed this year]," the minister said. Earlier this year, Russia’s largest independent gas producer Novatek confirmed the volume of capital expenditures for Yamal LNG project in the amount of $27 bln.
Novatek CEO: Sanctions Hurt Yamal LNG, Upbeat on Plans
International sanctions have undermined the ability of Russia's Yamal LNG project to raise necessary funds but it will be launched as scheduled, Leonid Mikhelson, head of the plant's main shareholder, said in a televised interview on Tuesday. The company, co-owned by Gennady Timchenko, an ally of President Vladimir Putin, was placed under U.S. sanctions in 2014, soon after the final investment decision had been taken on the Yamal project in late 2013. The punitive measure makes it harder for the company, Novatek, to raise external debt. "Of course, technical difficulties due to sectoral sanctions against Novatek and automatically against Yamal LNG ... there are difficulties with attracting credit financing," Mikhelson told the state-run Rossiya-24 TV channel.
Zvezda Delivers Nuke-Sub to Russian Navy
Zvezda shipyard (Far Eastern Shipbuilding and Ship Repair Center) held a solemn ceremony dedicated to Submariner’s Day and to the end of overhaul of nuclear-powered cruiser Kuzbass, says press center of Far Eastern Shipbuilding and Ship Repair Center. CEO of Zvezda shipyard Yuri Filchenok and Acting Armaments Commander, Pacific Fleet, Rear Admiral Igor Korolev, signed the acceptance/delivery papers at the pier during the ceremony. The Project 971 submarine was laid down July 28, 1991 in Komsomolsk-on-Amur and launched May 18, 1992.
Yamal LNG Financing in Final Stages
A deal to raise financing for the Novatek-led Yamal LNG project in Russia is in its final stages, Chairman of Gazprombank, Andrey Akimov, told Reuters. Gazprombank is a co-lender to Yamal LNG on the Russian side, along with Sberbank. State development bank VEB has pledged $3 billion in banking guarantees to the project. Akimov said that Chinese lenders are set to provide $12 billion, Russian banks $4 billion, and export credit agencies are expected to put up another $4 billion. He said he planned to travel to China in early November for talks on the deal.
Cryogas to Build LNG Terminal in February
The construction of a terminal for production and transhipment of LNG on the territory of the Vysotsk port will begin in February 2016, according to the press center of Leningrad Region Government. Cryogas CJSC is going to commence the construction of LNG terminal at port Vysotsk in February 2016. The project implementation was discussed on October 26, 2015, at the meeting of Leningrad Region Governor Aleksandr Drozdenko, representatives of project investor Gazprombank and management of Cryogas.
Gazprom holds First Investor Day in Asia
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.
Russia's Yamal LNG Project May Tap Wealth Fund in 2014
Russia's Novatek may get funds from the National Wealth Fund for its Yamal LNG project before the year-end, a minister said, as part of government plans to support sanction-hit companies. Russia's No.2 gas producer, co-owned by an ally of President Vladimir Putin, Gennady Timchenko, was put on the Western sanctions list over Moscow's role in the Ukraine crisis, limiting its ability to raise funds in Western markets. The government has pledged to support sanctions-hit companies irrespective of their shareholder structure, using National Wealth Fund as one of the options.
Gazprom GDRs Listed On Singapore Exchange
Today Gazprom's unrestricted American Depositary Shares (the Global Depositary Receipts or the GDRs) were granted an introductory listing and included in the quotation list of the Singapore Exchange. The listing of Gazprom's GDRs on the Singapore Exchange is a significant result of the Company's efforts to broaden its investor base globally. Investors from the Asia-Pacific region are getting access to Gazprom's remarkable long-term growth. Gazprom is committed to creating long-term value for all its shareholders…
Major Agreement Signed At 21st World Petroleum Congress
At the 21st World Petroleum Congress Rosneft, Ministry of Industry and Trade of the Russian Federation, Gazprom, NOVATEK, Gazprombank, Sovkomflot, United Shipbuilding Corporation signed a Joint Venture Agreement in relation to the implementation of vessel, drilling rig and marine equipment construction and design projects on the 16th of June. The document was signed in the presence of Vice-Premier Arkady Dvorkovich. It was signed by Rosneft CEO and Management Board Chairman Igor Sechin…
Rosneft President Meets DSME's CEO On Shipbuilding Cluster
On 15th of June, 2014 Rosneft President, Chairman of the Management Board Igor Sechin held talks with CEO of DSME Jae-ho Ko on establishment of a shipbuilding cluster. The event was also participated by Chairman of the Management Board of OJSC Gazprombank Andrey Akimov, President and Chief Executive Officer of Sovcomflot Sergey Frank, President of JSC United Shipbuilding Corporation Alexey Rakhmanov and Chairman of the Management Committee of NOVATEK Leonid Mikhelson. The parties discussed the progress of the project on establishment of a shipbuilding cluster in the Far East of Russia implementation. In particular, the proposal of Rosneft to form a single site for all shipbuilding contracts of Russian customers on the basis of OJSC Far Eastern Center of Shipbuilding.
Multi-National Consortium to Construct Russian Far East Shipyard
Russia's Rosneft, Gazprombank, Sovcomflot with Korean shipbuilding company Daewoo Shipbuilding & Marine Engineering Co. (DSME) have signed a Memorandum of Understanding (MOU) on key terms of co-operation to establish a shipbuilding and industrial cluster in the southern part of Primorskiy Krai (Russian Far East). The parties agreed to jointly complete the construction and launch a new shipyard – shipbuilding complex Zvezda – in 2016, to establish a Russian-Korean engineering center for shipbuilding and marine equipment for offshore projects. The companies also agreed key terms for technology exchange, localization of production and contracts placement.