Novatek, Russia Metals and Mining

Novatek-Chelyabinsk asks to collect over 500 mln roubles from Mechel’s affiliate

​Previously Novatek-Chelyabinsk repeatedly filed claims to the Court on the collection of the debt for gas from Chelyabinsk metallurgical plant (Mechel’s affiliate).
On May 18th 2016 Novatek-Chelyabinsk filed a claim to the Arbitration Court of the Chelyabinsk region on the collection of over 500 mln roubles from the Chelyabinsk metallurgical plant.
The required amount is 526.7 mln roubles.
Sberbank said that it plans to initiate the bankruptcy of the Chelyabinsk metallurgical plant because of its debt.
Chelyabinsk metallurgical plant is one of the largest domestic enterprises of a full metallurgical cycle on the production of high-quality steel and is the main producer of stainless steel in Russia. It is one of the few enterprises of Russia that has its own index “Chelyabinsk steel”. It is in the structure of Mechel.

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Novatek presses Gazprom from Lipetsk

Next year, Novolipetsk Steel (NLMK) of Vladimir Lisin will change its gas supplier, left Gazprom and signed a contract with Novatek. Perhaps, in conditions of surplus on the market and start of gas exchange trading, NLMK achieved more favorable contract terms than it had with Gazprom. This transaction will allow Novatek to close a part of the gas volumes, which will be free since the next year after the expiration of the contract with Inter RAO UES.
NLMK has signed a five-year contract with Novatek for the supply of gas, the company reported yesterday. The contract amount is 2.8 billion cubic meters per year, it will enter into force from 2016 and will cover "100% of the needs of Russian enterprises of Novolipetsk Steel". Now NLMK has a valid contract with Gazprom. The metallurgical company reported to the Kommersant that under the contract with Gazprom NLMK has the opportunity "to buy 2.6 billion cubic meters of gas per year, but this year NLMK began to actively buy gas at SPIMEX, and "in several months the purchases covered 70% of the needs". NLMK doesn’t disclose the reasons for the transfer to the purchase from Novatek and the contract price, but says that the principle of take-or-pay is not included in the contracts.

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Severstal TPZ-Sheksna supplies pipes for Yamal LNG project

Severstal TPZ Sheksna will supply about 4 thousand tons of pipes for the project of Yamal LNG during the next two months.
Products of Severstal TPZ Sheksna will be used in the manufacture of the main supports of the main onshore pipeline. To fulfill the order, the company mastered the production of pipes of the maximum length - 16 m (usually the length is 12 meters). This required the installation of additional transport chains and knots of pipes shifting mechanism at equipment.

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Novatek-Chelyabinsk intends to collect 415.5 million rubles from ChMK

Novatek-Chelyabinsk has filed a lawsuit to recover 415.5 million rubles from the Chelyabinsk metallurgical plant (ChMK, a subsidiary of Mechel) to the Arbitration Court of the Chelyabinsk region.

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Chelyabinsk metallurgical plant pays gas debt in the amount of 3.6 billion rubles

Chelyabinsk metallurgical plant has repaid its debt for gas in the amount of 3.6 billion rubles. The remaining debt currently makes up 2.8 billion rubles.

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Securities of Russian companies mainly rise in price on LSE, Gazpromneft is leader

On Wednesday, securities of Russian companies mainly show a positive trend on the London Stock Exchange (LSE), the leader of the growth is Gazpromneft, the exchange reports.
As at 10.50 MSK, global depository receipts (GDR) of Gazpromneft grew by 3.33% to $13.95.

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The authorities choose the priority projects of "Rosneft" for the NWF funding.

"Rosneft" has become one step closer to getting funds from the National Welfare Fund: the RF Ministry of Energy and Economic Development identified the priority projects of state-owned company for the sum of 300 billion roubles. The final decision on their funding is after Vladimir Putin.
According to RBK the RF Ministry of Energy and Economic Development identified the priority projects of "Rosneft", which can apply for funds from the National Welfare Fund (NWF). We were talking about the development projects of the Yurubcheno - Tokhomsk and Russkoye fields, plots of "Rospan" and the construction of the Angarsk Petrochemical Complex, a government official stated and a source close to "Rosneft" confirmed. Representatives of the RF Ministry of Energy and the state-owned company declined to comment. But the Deputy Economic Development Minister Nikolay Podguzov confirmed this information.

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"Rosneft" asks 400 billion roubles for the reconstruction of the "Zvezda" shipyard.

"Rosneft" had asked the government 400 billion roubles from the National Welfare Fund for the reconstruction of the Far Eastern shipyard "Zvezda", the source in the United Shipbuilding Company told RBC. This information was confirmed by a source in "Rosneft", stating that the amount of "similar to the truth".
In August 2013 Igor Sechin offered the oil company to pass the protracted project of "Zvezda" modernization. Vladimir Putin supported this idea, but stated that USC should have remained in the draft as a junior partner. At a meeting with President Vladimir Putin, which took place on November 13 in Vladivostok, it was decided that "Rosneft" is engaged in a project on its own, including the search for sources of financing, the official of the RF Ministry of Industry and Trade states.

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The Arbitration Courts of the Chelyabinsk and the Leningrad regions have charged 275 million rubles from Mechel

The Arbitration Courts of the Chelyabinsk and the Leningrad regions have satisfied three claims about charging of 274.6 million rubles from Mechel-Energo Ltd, RAPSI reports referring to their court decisions.
On September 26th, the Arbitration Court of the Chelyabinsk region charged from Mechel-Energo in favor of MRSK-Ural JSC 78.1 million rubles, and the Arbitration Court of St. Petersburg and the Leningrad region charged from the company 120.1 million rubles in favour of Lenergo JSC on September 30. On October 2, the Chelyabinsk Court charged 76.4 million rubles in favor of Novatek- Chelyabinsk.

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S & P upgrades the ratings of "NOVATEK" and "Norilsk Nickel" on a national scale.

The S & P rating agency upgraded the ratings of "NOVATEK" and "Norilsk Nickel" on a national scale from "ruAA +" to "ruAAA", the report of the agency informs.

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