Russian Government News

03 Feb 2020

Russia Leads E&P Race in Arctic Region

Image: GlobalData

Russian and Norwegian exploration and production (E&P) operators have been expanding their operations in the Arctic continental shelf, which is estimated to hold vast deposits of hydrocarbons and rare earth minerals.Warming temperatures in the Barents Sea and northern coastline of Russia are giving an added impetus to resource development in this region, according to GlobalData.GlobalData's report, ‚ÄėArctic Exploitation‚Äô, discusses how Russia is keen on hydrocarbon appraisal and‚Ķ

12 Jan 2020

SHI Eyes Russia's $3Bn LNG Carrier Order

Image: Samsung Heavy Industries

South Korea shipbuilder Samsung Heavy Industries (SHI) may receive an order from Russia‚Äôs largest independent gas producer Novatek for 10 additional ice-breaking LNG carriers worth US$3Bn.A report by Business Korea said Novatek has asked the Russian Government to approve its plan to place an order at an ‚Äúoverseas shipyard‚ÄĚ.If the Russian government approves the scheme, the number of LNG carriers to be used for Russia‚Äôs Arctic LNG project will increase to 25, including the 15 units that will be built by Zvezda‚Ķ

26 Dec 2019

Russia Says Nord Stream 2 Will Be Ready in Months

(Photo: Gazprom)

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.

13 Aug 2019

Green Group Asks Cosco to Avoid HFO in Arctic

Photo by Clean Arctic Alliance

Clean Arctic Alliance has sent its second letter to Cosco, in which the NGOs urge the Chinese liner company to make public what fuel types its vessels use in the Arctic.Responding to reports that the 190m-long COSCO-owned cargo vessel Tian‚Äôen is due to arrive in the Swedish port of Gävle on August 18, having traversed the Arctic‚Äôs Northern Sea Route between the Pacific and the Atlantic, Clean Arctic Alliance Lead Advisor Sian Prior said: ‚ÄúEarlier this year, the Clean Arctic Alliance wrote to COSCO requesting it make public the nature of the fuel that the Tian‚Äôen‚Ķ

26 Jul 2019

Jereh Builds 10 LNG Fuelling Stations in Russia

 Signing ceremony between Jereh and Russian client. Photo: Jereh group

Chinese oil and gas company Jereh has announced that it has won a contract to construct 10 new LNG fueling stations in Russia.According to a statement from the company, it won the bid for 10 LNG fueling stations in Russia, which is believed to be the biggest order for LNG fueling within Russian market till now.Jereh is going to provide integrated services for this project covering modular design, procurement, manufacture, as well as commissioning. Its total fueling capacity is estimated to reach 500 million liter one year…

24 Jun 2019

Rosatom: Northern Sea Route to Cost 735 bln Roubles

Adobestock / © Cascoly2

Russia's ambitious Northern Sea Route (NSR) requires 735 billion roubles ($11.7 billion) in investments, with the state budget to provide a third and the rest to come from companies and banks, the head of state nuclear firm Rosatom, Alexey Likhachyov, said.Rosatom, the world's top nuclear company in terms of foreign orders, was selected by the Russian government to operate the NSR - the Arctic route Moscow wants to turn into a new Suez - coordinating development of the project among its users.This month…

28 May 2019

Russia Launches Nuclear-Powered Icebreaker

Pic: Rosatom

Russia's nuclear energy agency, Rosatom launched the nuclear-powered ice breaker Ural at the Baltic Shipyard in St. Petersburg."With the ceremonial launch of Ural, Russia‚Äôs nuclear energy giant, Rosatom, has completed another step towards ensuring all-year round navigability of the Northern Sea Route (NSR)," said a press release.The 173 metre-long ‚ÄėUral‚Äô is equipped with two highly efficient and compact RITM-200 nuclear reactors on board, capable of generating up to 350MW combined‚Ķ

09 May 2019

Russian Oil Contamination Still a Problem for Buyers at Ust-Luga Port

Russian oil quality from the Baltic port of Ust-Luga was improving on Thursday but still not good enough for refiners in Europe, with required standards expected only by May 11, trading sources said.The oil has been contaminated with organic chlorides, which can destroy refining equipment.

14 Feb 2019

VTB Tightens Grip on Black Sea Grain Export Hub

© beketoff / Adobe Stock

Russia's second-biggest bank VTB is buying one of the biggest grain terminals at the Black Sea port of Novorossiisk, in a surprise move that gives the state lender more control over the country's main deep-sea grain export hub.VTB, which already owns a stake in another grain terminal at the port, said on Thursday that it was buying 100 percent of Novorossiysk Grain Terminal from Novorossiysk Commercial Sea Port (NSCP).Its deal to buy the terminal from NSCP, which is controlled…

15 Jan 2019

Weak Freight Markets Hobble Sovcomflot IPO

(Photo: Sovcomflot)

Russian state-owned shipping company Sovcomflot said on Tuesday that uncertain conditions in the freight market are delaying its long-planned initial public offering (IPO).The Russian government has weighed a listing of Sovcomflot for years as part of broader privatization plans, but obstacles ranging from weak markets to international sanctions placed on Russians over Moscow's role in Ukraine crisis have prevented an IPO.The Russian economy ministry has said it had hoped to raise…

26 Oct 2018

Wärtsilä Designs Unique Factory Trawler

The specially designed unique bow design of the trawler enhances efficiency. The 121 meters long factory trawler will also be capable of processing fish from other vessels. (Image: Wärtsilä)

Wärtsilä has been contracted to provide the ship design for a state-of-the-art factory fishing trawler. The vessel will be unique in having the combined capabilities of twin trawling for many different fish species, having both conventional winching as well as pumping systems for bringing the catch onboard, and being able to process fish from other vessels. The ship is to be built in Kaliningrad at the Yantar shipyard for RK named after V.I. Lenin (RK Lenina), the owner. The order‚Ķ

08 Dec 2017

Putin Okays Loading Start at Yamal LNG

President Vladimir Putin launched the first loading of liquefied natural gas at the Novatek-led Yamal LNG project in the Arctic (Photo: SCF Group)

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.

05 Dec 2017

Novatek Starts Production at Yamal LNG

Photo: Yamal LNG

Russian energy firm Novatek  has announced that Yamal LNG has commenced producing liquefied natural gas (LNG) at the first LNG train, with the nameplate capacity of 5.5 million tons per annum. The first cargo loading is scheduled on 8 December 2017 at the Sabetta port using the first Arc7 ice-class LNG tanker named the ‚ÄúChristophe de Margerie‚ÄĚ. The Chairman of Novatek's Management Board Leonid Mikhelson noted: "This event marks a milestone accomplishment for the Yamal LNG project. The commencement of LNG production begins a new chapter in our corporate history.

07 Sep 2017

Balancing Efficiency & Security as Maritime Goes Digital

In December 2004, Crew members assigned to the guided missile cruiser USS Yorktown (CG 48) man the rails for the final time in preparation of the order to de-man the ship as she is decommissioned on board Naval Station Pascagoula, Miss. In 1996, the Yorktown was selected to be the testbed for Navy’s Smart Ship program, effectively exposing a major flaw in the system when a simple error left the ship blacked out for hours. (U.S. Navy photo by Stacey Byington)

Hand in hand with the digital craze in maritime is the caution of cyber attacks. We live and operate in a complex society. That society would be impossible without modern computers and other information technologies Those technologies have largely been developed piecemeal to address particular issues, and for the most part they have generally achieved their particular goals. Maximum efficiency is gained when multiple technologies are joined to coordinate their work. Computers get smaller and faster, with ever-growing memory. Joining computers together allowed for creation of the internet.

19 Jul 2017

Russian Think Tank: Oil Exports to Decline in 2017

© Mikhail Perfilov / Adobe Stock

A think tank that advises the Russian government on taxes and energy-related issues said on Wednesday it expects the country's oil exports to fall this year thanks to a global deal to cut output, contrasting with official forecasts for a rise. Vygon Consulting said in a presentation to reporters that oil exports this year are seen declining by 0.7 percent to 252.5 million tonnes (5.1 million barrels per day) from around 255 million tonnes in 2016, a record high. The Energy Ministry forecasts Russian crude oil exports this year at 257 million tonnes.

18 May 2017

Russia Wants to Sell Sovcomflot to Small-stake Investors

Photo: Sovcomflot

Russia plans to sell part of state shipping firm Sovcomflot next month, hoping to draw in a wide range of small-stake investors rather than a strategic buyer who could threaten Moscow's control of the group, banking and industry sources say. The current era of low tanker market prices is far from the ideal time for Sovcomflot to raise revenue with a share offer, as freight rates were at their highs in 2015. Sovcomflot operates the world's second largest fleet of oil tankers. But…

18 Apr 2017

Russia Tells Turkey it Expects Lifting of Grain Export Curbs

© kolidzei / Adobe Stock

Russian Deputy Prime Minister Arkady Dvorkovich told a visiting delegation of Turkish ministers on Tuesday that it expected Ankara to lift restrictions on Russian grain exports to Turkey, the Russian government said in a statement. Russian and Turkish ministers meeting in Moscow on Tuesday reached "a common understanding" that further work was needed to resolve differences over trade, and agreed to hold intensive consultations over the next two weeks, the statement said. Turkish Deputy Prime Minister Mehmet Simsek…

23 Jan 2016

DP World to Develop Russian Ports

Image: DP World

Dubai-based port operator DP World and the Russian Direct Investment Fund have launched a joint venture to develop ports, transportation and logistics infrastructure in Russia. Signed on the sidelines of the World Economic Forum in Davos, Switzerland, the deal will give DP World an 80 percent stake in the new company, while the Russian government-backed fund will hold the remainder, news agency WAM reported. The company will be called DP World Russia and over time could invest $2 billion to upgrade port infrastructure in different parts of Russia.

29 Dec 2015

Russia, Iran in Shipbuilding MoU

Image: Iran Shipbuilding and Offshore Industries Complex Company

Iran Shipbuilding and Offshore Industries Complex Company (ISOICO) and Russian Krasnye Barrikady Shipyard has signed an Memorandum of Understanding (MoU) for ship building activities. According to a report by MNA, the MoU was signed by managing directors of ISOICO and the  Krasnye Barrikady Shipyard with the presence of Iran‚Äôs Deputy Minister of Industry, Mine and Trade Mojtaba Khosro Taj. ISOICO Managing Director Hamid Rezaeian said that three important indicators of the MoU are engineering discussions‚Ķ

01 Oct 2015

Russia to Deepen Novorossiysk for Larger Ships

Photo: PJSC NCSP

The Russian government plans to spend between $400 to $500 million to expand and deepen the harbor of the Novorossiysk seaport to handle larger vessels, reports Moscow News. Construction, in order to make it more competitive with Ukrainian ports also on the Black Sea,  is set to begin in the first quarter of next year with completion scheduled for 2020. Russian government expects that the project will boost container volume at Novorossiysk by 10 to 15 percent annually. The operator‚Ķ

05 Aug 2015

Russia Submits Vast Arctic Territory Claims to UN

Map by  National Snow and Ice Data Center

Russia has submitted its bid for vast territories in the Arctic to the United Nations, AP reported as the Foreign Ministry saying. The ministry said in a statement that Russia is claiming 1.2 million square kilometres (over 463,000 square miles) of Artic sea shelf extending more than 350 nautical miles (about 650 kilometres) from the shore. It said the bid contains new arguments. ‚ÄúAmple scientific data collected in years of Arctic research are used to back the Russian claim,‚ÄĚ it said.

22 May 2015

Inmarsat 3rd Global Xpress Satellite's Launch Delayed

“ This incident involving a failed Proton launch from the Baikonur Cosmodrome is extremely unfortunate and will inevitably delay our launch plans for our third Global Xpress satellite.

Inmarsat has provided an initial update on the launch schedule for Inmarsat-5 F3 (I-5 F3) following the failure of the preceding Proton Breeze M launch from the Baikonur Cosmodrome in Kazakhstan on Saturday 16 May. According to an announcement by Inmarsat’s launch partner, ILS, the Proton Breeze M rocket carrying the Centenario satellite suffered a disabling anomaly during the operation of the third stage, approximately eight minutes after lift-off, resulting in the loss of the satellite and rocket. A Russian State Commission has begun the process of determining the reasons for the failure.

19 Jan 2015

Russia Offers Indonesia Type 636 Submarines

Image: Indonesian Navy

Russian government has approached the Indonesian government to offer Kilo Class Type 636 submarines to bolster the country’s maritime defense system, reports Jakarta Post. Russian ambassador MY Galuzin had met with Defense Minister Ryamizard Ryacudu to discuss military and defense partnerships between the two countries, said Defense Ministry spokesperson Col. Djundan. He declined to give further information on Indonesia’s response to the offers, saying the ministry was still working to find the best new weapon systems for Indonesia.

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