Stock market news

NOVATEK

France's TotalEnergies remains in Yamal LNG and Arctic LNG 2, and has been considering withdrawing from Terneftegaz for a long time, so the sale of the stake in this joint venture is not related to media publications, Novatek's head Leonid Mikhelson said. Before deal was announced, French newspaper Le Monde reported that TotalEnergies was involved in the sup...

NOVATEK

Government has approved criteria for potential buyers of Shell's share in the Sakhalin-2 LNG project. Apart from Gazprom, the controlling shareholder of the project, only Novatek complies with the requirements. However, the document does not exclude participation of foreign companies in the project. Earlier, the head of Novatek Leonid Mikhelson said that the...

Rosneft Oil Company

Rosneft has reached agreements on the supply of oil and petroleum products to Mongolia. "As far as I know, you have agreed on all issues related to the supply of oil and petroleum products," Russian President Vladimir Putin said at a meeting with Mongolian Prime Minister Luvsannamsrayn Oyuun Erdene on the construction of a gas pipeline to China via Mongolia.

NOVATEK

Novatek decided to independently finance R&D and developers of LNG equipment, the maximum amount could be ₽30 billion. "We have recently decided to finance ourselves those reliable suppliers with whom we can sign understandable expenses and understandable terms of guaranteeing production," said head of Novatek Leonid Mikhelson. Earlier, the company asked the...

NOVATEK

Second stage of Arctic LNG 2 will be launched in 2024, third stage - probably in 2026, said head of Novatek Leonid Mikhelson at Eastern Economic Forum. He also noted that company has received the main equipment for the three stages of Arctic LNG 2, however, turbines - have not been received.

X5 Group

X5 Group will open 170 new stores in Perm Krai in two years, said regional governor Dmitry Makhonin in his Telegram channel following a meeting with the company's management at Eastern Economic Forum. In addition, the share of products from the Perm Region in the chain's store shelves will increase to 25%. It is also planned to work separately on the appeara...

NOVATEK

Novatek is interested in participation in Sakhalin-2, but in order to make a decision about entering the project the government should conduct its own audit of the project, said the head of Novatek Leonid Mikhelson. The company is no longer considering buying Fortum's assets in Russia, focusing on its core business.

NOVATEK

Sanctions have complicated implementation of Arctic LNG 2, but today Novatek already knows how to overcome problems, said head of company Leonid Mikhelson. EPC contractor Technip is leaving project, but will be replaced by Nipigaz. First Arctic LNG 2 line is planned to be launched at the end of 2023, at the same time first tanker for the project will probabl...

Far-Eastern Shipping Company

Fesco Transportation Group and Russian Post have agreed to jointly develop multimodal container transportation on international and domestic routes. Partners plan to develop mechanisms that will increase the speed of delivery of international shipments of socially important goods through the Russian Far East, including on Fesco sea lines.

KAMAZ

Kamaz automobile concern in August 2022 produced 3.329 thousand vehicle sets, a 70% increase from 1.962 thousand in the previous year. Production of engines increased by 60% to 3.746 thousand engines. Kamaz has shipped a total of 28.61 thousand vehicle sets since the beginning of the year, 5.8% more than during the same period last year. The engine plant sin...