11th Winter Spartakiada Games kick off in Ufa

A festive opening of the 11th Winter Spartakiada Games took place today at the Ufa Arena sports and concert center in Ufa. Attending the ceremony were Valery Golubev, Management Committee Deputy Chairman, Elena Kasyan, Department Head, Gazprom; Rustem Mardanov, Prime Minister of the Bashkortostan Republic and Shamil Sharipov, Director General of Gazprom Transgaz Ufa.

Rustem Mardanov, Valery Golubev and Shamil Sharipov at opening ceremony

Opening ceremony

26 adult and 10 children’s teams will take part in the competition. They represent 26 subsidiaries of Gazprom from Russia, Republic of Belarus and, for the first time, from the Republic of Armenia. The Spartakiada Games will last seven days and close on February 18.

26 teams from Gazprom’s subsidiaries come on stage of Ufa Arena to welcome each other

There will be 138 sets of medals up for grabs in six sports: skiing, basketball, volleyball, mini-football, table tennis and shooting. The week-long event will take place in eight different venues of Ufa.

Gazprom Transgaz Ufa will be the host of the Gazprom Spartakiada Games for the first time.

Opening ceremony

Opening ceremony

Alexey Miller, Chairman of the Gazprom Management Committee, sent a message of greetings to the participants and guests of the Spartakiada Games. “It is especially pleasing to note that our competitions go beyond the boundaries of just a corporate event. As part of the Spartakiada Games, an open regional ski festival will be held for physically challenged children. This obviously demonstrates that sports is open to everyone and that persistence and faith in a dream are able to overcome any obstacles,” the message runs.

During opening ceremony

Fireworks to celebrate opening of 11th Spartakiada Games of Gazprom

Background

Gazprom has annually held Winter and Summer Spartakiada Games since 1996. The events take place in the regions of the Company’s operations. The persons entitled to participate in the Spartakiada Games are employees of Gazprom’s subsidiaries and organizations, as well as children active in sports clubs of Gazprom’s subsidiaries and organizations. Members of Russian national teams, participants of zonal competitions, national official events and championships, European and global events and championships as well as Olympic Games are not permitted to take part in the competitions. The main goals of Gazprom’s Spartakiada Games are promoting a healthy lifestyle, sharing the experience in physical training and mass sports as well as maintaining sports traditions.

Source:: 11th Winter Spartakiada Games kick off in Ufa

Alexander Chernov takes over leadership at Gazprom Georesource

Alexander Chernov is appointed as Director General of Gazprom Georesource.

Alexander Chernov was born in 1981 in the Rostov Region. In 2003 he graduated from the South-Russian State Technical University (Novocherkassk Polytechnic Institute), majoring in Geophysical Methods of Mineral Deposit Prospecting and Exploration.

Alexander Chernov has worked at Gazprom Group for 14 years.

Between 2002 and 2004 – 4th category logger, geoscientist at a field geophysical survey unit, Severgazgeofizika production branch of Gazprom Georesource.

Between 2004 and 2008 – division head, technical leader of the field geophysical survey unit at Severgazgeofizika.

Between 2008 and 2016 – Chief Engineer, Director of Severgazgeofizika.

Background

Gazprom Georesource is a wholly-owned subsidiary of Gazprom. The company provides a full range of services covering geophysical surveys for oil and gas well construction, vertical seismic profiling, and seismic operations in Russia and abroad.

Source:: Alexander Chernov takes over leadership at Gazprom Georesource

Gazprom and Slovakia address cooperation prospects in gas sector

Bratislava hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Robert Fico, Prime Minister of the Slovak Republic.

The parties addressed the progress with and the prospects for the Russian-Slovak cooperation in the gas sector.

Bratislava, Slovakia

Background

Slovakia is among the largest Russian gas transit countries. In 2008 Gazprom and its Slovak partners signed new long-term gas supply and transit agreements.

Slovakia is a long-standing and reliable partner of Russia in the gas supply area. Gazprom Group’s partners are SPP dealing with gas purchases, sales, and distribution as well as Eustream a.s. – Slovak gas transmission system operator.

Source:: Gazprom and Slovakia address cooperation prospects in gas sector

Alexey Miller: “Gazprom and pipe companies to continue systemic work on import substitution”

Alexey Miller, Chairman of the Gazprom Management Committee held today at the Company’s headquarters a meeting on cooperation with Russian pipe companies.

At meeting

Taking part in the meeting were Andrey Kruglov and Vitaly Markelov, Deputy Chairmen of the Gazprom Management Committee, Sergey Prozorov and Igor Fyodorov, Members of the Gazprom Management Committee as well as heads and representatives of the Company’s specialized structural units, Gazprom Komplektatsiya, the Pipe Producers Association, United Metallurgical Company (OMK), Severstal, TMK, and Chelyabinsk Pipe Rolling Plant.

Alexey Miller: Gazprom and pipe companies to continue systemic work on import substitution

Gazprom and pipe producers interact actively under import substitution projects. In particular, such projects apply a new cooperation scheme based on long-term agreements. These agreements provide for batch production, supply, and maintenance of import-substituting products in the amount equal to guaranteed future purchases. Such an agreement has been signed with TMK which produces for Gazprom six types of casing and pump & compressor pipes of cold- and corrosion-resistant design. The manufacture of these pipes will make it possible to fully replace imported ones. The first deliveries of pipes are expected in 2016 for the Astrakhanskoye field.

During the meeting Gazprom and Trubodetal (a subsidiary of OMK) signed a long-term agreement on batch production, supply, maintenance, and repair of special ball valves. These valves will have a diameter of 100–1,420 mm and a working pressure of 42 MPa and will be capable of operating in a harsh environment, when exposed to aggressive media, high pressure, and high content of mechanical impurities. The production will be fully localized: every process operation will be conducted with domestic raw materials and components.

Anatoly Sedykh, Chairman of OMK Management Board and Alexey Miller signing long-term agreement

In order to accelerate the introduction of import-substituting products, Gazprom initiated the use of a corporate standardization system and GAZPROMCERT system for the certification of products to be used at the Company’s facilities. Moreover, Gazprom is developing its own general specifications to substitute numerous technical standards of manufacturers.

The meeting also discussed a formula-based pricing approach to pipe products. It was noted that this pricing mechanism had proven successful over the years of application due to the high predictability of calculations. The changed market conditions required to update the pricing formulas, in particular, for large-diameter pipes.

That work had been completed. During the meeting Gazprom and the pipe companies singed Supplementary Agreements on price formulas for large-diameter pipes. Furthermore, the meeting agreed to develop a price formula for pipeline fittings.

The meeting produced a number of tasks regarding further cooperation between Gazprom and the pipe companies in the field of pipe product import substitution, certification and pricing.

“Gazprom jointly with pipe companies works systematically on import substitution. We improve the forms of cooperation, broaden the range of domestic equipment, and increase its share in the Company’s procurement procedures. Currently, 99.5 per cent of large-diameter pipes in Gazprom’s centralized purchases are produced domestically. Our cooperation in import substitution will be developed further,” said Alexey Miller.

Source:: Alexey Miller: “Gazprom and pipe companies to continue systemic work on import substitution”

Gazprom holds eleventh Investor Day in New York and London

Gazprom held the eleventh annual Investor Day in New York (February 1) and London (February 4).

Investor Day in New York

Taking part in the events were Alexander Medvedev, Deputy Management Committee Chairman of Gazprom, Oleg Aksyutin and Vsevolod Cherepanov, Management Committee Members, Mikhail Sirotkin, Department Head, Igor Shatalov, First Deputy Department Head, Mikhail Rosseev, Deputy Chief Accountant, as well as heads of the Company’s subsidiariesGazprom Neft, Gazprom Export, Gazprom Energoholding.

Alexander Medvedev

Traditionally, the events received wide attention from the investment community. In New York the Investor Day was attended by around 70 portfolio managers and analysts from major international investment funds and credit institutions. In London it attracted some 130 visitors. These events were attended, inter alia, by analysts from the leading investment banks: Bank of America Merrill Lynch, Barclays, Citibank, Credit Suisse, J.P. Morgan, HSBC, Morgan Stanley, Societe Generale, Raiffeisenbank, VTB Capital, and Gazprombank. The Investor Day events were broadcast live over the Internet.

The Gazprom senior management provided detailed information on the Company’s operational and financial performance, its activities in the export markets, and strategic development areas. Special attention was given to the plans on the diversification of gas supply to foreign consumers, in particular, to the development of cooperation with the Asia-Pacific countries.

Investor Day in New York

The meetings with investors highlighted that despite the challenges the global oil and gas industry had faced, Gazprom kept its strong financial position. This resulted from the implementation of a well-conceived strategy which, inter alia, provided conservative budgeting of the Company, clear prioritization of investment projects, strict control over the costs, and effective debt management. The important factors include ruble dominance in the Company’s operating and capital costs, as well as low production costs.

As a result, Gazprom has comfortable debt indicators and the required liquidity reserve, considerable flexibility in adapting to low oil prices, and strong confidence in the implementation of all priority projects.

The productive dialogue with Gazprom senior management gave comprehensive responses to a wide range of issues raised by portfolio managers and analysts.

The Investor Day also included about 40 individual meetings with representatives of major international investment funds.

Gazprom – Investor Day Presentation

Gazprom Neft – Investor Day Presentation

Source:: Gazprom holds eleventh Investor Day in New York and London

Alexey Miller and Riad Haddad address current state of Syrian oil and gas sector

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Riad Haddad, Ambassador Extraordinary and Plenipotentiary of the Syrian Arab Republic.

At meeting

The parties discussed the current state of the Syrian oil and gas sector and exchanged their views on the prospects for establishing bilateral cooperation after the completion of military operations and political normalization in the country.

Source:: Alexey Miller and Riad Haddad address current state of Syrian oil and gas sector

Cooperation between Gazprom and KAMAZ successfully developing

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Sergey Kogogin, Director General of KAMAZ.

Sergey Kogogin and Alexey Miller

The parties discussed the current issues of cooperation. A focus was placed on the market expansion for gas as a vehicle fuel. The companies coordinate their efforts in converting vehicles to run on compressed natural gas and in promoting NGV warranty and maintenance service arrangements.

KAMAZ regularly provides information on the number of gas-powered vehicles produced and the regions of their supply. Gazprom takes this data into account when preparing plans on commissioning new CNG filling stations. KAMAZ is in turn timely provided with the information on the construction and location of new CNG stations.

Special attention was given to the participation of KAMAZ in a program for expanding the Gazprom Group NGV fleet until 2017. Between 2014 and 2015 Gazprom subsidiaries purchased 1,066 gas vehicles produced by KAMAZ. This cooperation will continue, inter alia, in developing gas filling infrastructure through increasing the number of mobile NGV refueling stations.

Alexey Miller and Sergey Kogogin discussed the performance of a gas-powered KAMAZ truck within the KAMAZ-Master team in Africa Eco Race 2016. It was noted that the success achieved by this truck in the abovementioned and other prestigious international competitions clearly demonstrated reliability, efficiency and safety in using natural gas as a vehicle fuel. In July the gas-powered KAMAZ truck will participate in the Silk Way Rally 2016, the Moscow-Beijing route covering over 10 thousand kilometers.

Cooperation between Gazprom and KAMAZ successfully developing

Background

Gazprom works extensively to develop the Russian natural gas vehicle (NGV) market. In particular, Gazprom and major car producers have reached agreements over including NGV models into their vehicle ranges.

In June 2015 Gazprom and KAMAZ inked the Agreement on strategic cooperation in promoting the use of natural gas as a vehicle fuel.

KAMAZ is the largest truck-manufacturing corporation in Russia. Currently, the company is implementing the program of designing and manufacturing gas-powered trucks. KAMAZ actively participates in state programs aimed to develop the NGV market.

In April 2015 KAMAZ opened a production line for gas vehicles in Naberezhnye Chelny. This line may produce up to eight thousand vehicles of 50 different models per year.

The gas-powered KAMAZ truck is a special model of a sports truck running on natural gas. This car was produced by the KAMAZ-Master team in 2013 with the support of Gazprom and VTB Bank. The objective of the project is to demonstrate the opportunities in using natural gas as a vehicle fuel in tough conditions of marathon rallies.

From December 27, 2015 to January 10, 2016 the gas-powered KAMAZ truck took part in Africa Eco Race 2016. During this international rally the truck was refueled with natural gas by a mobile station of Gazprom Gazomotornoye Toplivo.

Gazprom Gazomotornoye Toplivo is the single NGV market operator representing Gazprom. The company was set up in December 2012. The company’s goal is to expand the use of natural gas as a vehicle fuel, which is more eco-friendly, cost-effective and safe compared to conventional fuels.

Source:: Cooperation between Gazprom and KAMAZ successfully developing

Russian gas exports to Austria grow by 76.2 per cent in January 2016

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Reinhold Mitterlehner, Austrian Vice Chancellor.

At meeting

The parties highlighted that the long-term strategic cooperation between Russia and Austria in the oil and gas sector had been successfully developing for many decades.

A continuous increase was noted in Russian gas supplies to Austria. Preliminary estimates indicate that in January 2016 the gas exports by Gazprom to the Austrian market grew by 76.2 per cent versus the same period of 2015. Throughout 2015 the gas deliveries rose by 11.5 per cent against 2014.

Reinhold Mitterlehner and Alexey Miller

The parties also discussed the importance of building the Nord Stream 2 gas pipeline to satisfy the growing demand for Russian gas in the future.

Special attention was paid to underground gas storage in Europe. The parties addressed the cooperation progress within the Haidach UGS project – the largest UGS facility in Austria and the second-largest in Central Europe. In 2015 the aggregate working capacity of Haidach had been agreed to increase by 150 million cubic meters, or about 5 per cent. At the same time, its peak daily withdrawal capacity grew by 1.55 million cubic meters. As a result, the UGS working capacity reached 2.98 billion cubic meters and the peak daily output – 29.9 million cubic meters. It was stressed that the storage capacity had been boosted without additional investments.

Background

Russian gas has been supplied to Austria since 1968. OMV is Gazprom’s main business partner in Austria.

The Haidach UGS facility is a joint project of Gazprom (the Company owns a 66.7 per cent stake), RAG (Austria) and WINGAS (Germany). The major task of Haidach is to secure the reliability of Russian gas exports towards the Baumgarten hub as well as to consumers in Slovenia, Croatia, Hungary, Austria, Germany, Slovakia and Italy. Haidach is operated by RAG.

On September 4, 2015 Gazprom, BASF, E.ON, ENGIE, OMV and Shell inked a Shareholders Agreement to construct the Nord Stream 2 gas pipeline system with an annual capacity of 55 billion cubic meters from Russia to Germany across the Baltic Sea.

Source:: Russian gas exports to Austria grow by 76.2 per cent in January 2016

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