Stock market news

Far-Eastern Shipping Company

Fesco is considering the possibility of forming a transportation hub in India. Company is also actively cooperating with the Russian Ministry of Industry and Trade on the creation of a transport and logistics center in Africa.

Far-Eastern Shipping Company

Russia's container market may fully recover in 2025 after a decline in 2022, believes commercial director of VMTP, part of Fesco Group, Elena Kazarina. Market recovery can already be observed now - containerized cargo traffic in all basins of Russia is showing growth. In 2021, the average monthly total market volume for the three basins: South, Northwest and...

NOVATEK

Novatek sees the Indian market as a priority, as the country is about to become the world's first in terms of gas consumption growth. Company will seek to build relations in such a way that it will not just sell LNG at the regasification terminal, but supply gas to the end consumer. At the same time, the negotiation process is going hard, but a shift is poss...

NOVATEK

Novatek has started negotiations on attracting partners to Obsky LNG project, in particular, from among the shareholders of its other LNG projects. Obsky LNG project is planned to be implemented on the basis of Verkhnetiuteyskoye and Zapadno-Seyakhinskoye fields in Yamal using Novatek's own liquefaction technology - 2 lines of 3 million tons of LNG per year.

NOVATEK

Novatek has resolved all maintenance issues with Yamal LNG this year, ensuring its stable operation for several years, said company head Leonid Mikhelson. "We have postponed and closed all issues with maintenance and spare parts for this year. In June we carried out a planned shutdown on the second line, in August we carried out planned maintenance on the th...

NOVATEK

Novatek plans to make an investment decision on Murmansk LNG in 2024 and on Obsky LNG in the first half of next year, said head of Novatek Leonid Mikhelson. Earlier he said that the company plans to start construction of Murmansk LNG from August 2024, when the Center for construction of large-capacity offshore facilities in the Murmansk region will complete...

NOVATEK

Novatek this week will start commissioning work on the first line of the Arctic LNG 2 plant, and it will reach its design capacity in the first quarter of 2024, said the head of the company Leonid Mikhelson. Second line of Arctic LNG 2 may start producing liquefied natural gas in December 2024.

Polyus

Polyus will invest ₽30 billion in the project for gold mining at the deposits of the Southern group of deposits of the Kuranakh ore field, which includes 11 deposits in the Aldan district of Yakutia. Project involves the construction of a heap leaching site with the capacity to process 12 million tons of ore per year. In 2022, Polyus' Kuranakh mill produced...

NOVATEK

Novatek plans by the end of 2023 to maintain the volume of gas production at the level of 2022 - approximately 82 billion cubic meters or slightly more. Production of liquid hydrocarbons will increase by 2-2.5% due to gas condensate.

NOVATEK

Novatek in 2023 intends to increase net profit and revenue by 25% to the level of 2021, said Leonid Mikhelson, the head of Novatek. As a result, the volume of dividend payments will also increase, which will amount to 50% of profits. Comparison with 2021 is more correct because 2022 was an anomalous year for the industry - gas companies made record profits t...