TMK Pipes, China

China to receive about 38 billion cubic meters of gas per year from Power of Siberia

Yesterday, confident dynamics was shown by many companies in the oil and gas sector, where Gazprom especially stood out, its securities added 3.56% in price and marked 4-month highs, reacted to sta

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FAS sees threat of monopolization in TMK’s deal

FAS has refused TMK of Dmitry Pumpyansky in it's acquisition of Sverdlovsk producer of drill pipes Tekhnomash, a part of the Chinese Hilong Group.

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Russia and China to fight together in WTO against American duties

Russia and China could eventually be the main victims of the trade war, which Donald Trump announced on March 1 to almost the entire world.

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Gazprom builds two thirds of Power of Siberia

As of February 1 of this year, Gazprom, the world's largest energy company, has built 1 480 km of the linear part of the Power of Siberia gas pipeline (of 2158 km of its first stage), the Vedom

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Amount of investments in construction of Power of Siberia to be $55 billion

The amount of investment in the project of the Gazprom’s gas transportation system Power of Siberia, taking into account the development of fields, is estimated at $55 billion, the head of the Russian Energy Ministry Alexander Novak stated.
"Power of Siberia is a large-scale project, the value of which with the development of fields will be $55 billion, to date the assessment is so. And it's a huge order for our industry, because more than 90% of the equipment, pipes and other things will be ordered, of course, at our enterprises. Today, due to the fact that the construction has begun, our metallurgical enterprises have received a new order,"- said Mr. Novak.

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The Russian pipe market is growing

Gazprom is to in the near future begin the construction of the Power of Siberia gas pipeline in the framework of implementation of the Chinese gas contract. Russian metallurgical companies should get a huge benefit due to this - in the case, of course, their readiness to fulfill orders.
The total length of the Power Siberia gas pipeline will be about 4 thousand km, which would require at least 2.6 million tons of large-diameter pipes (LDP). This means that Russian pipe companies together can claim for contracts to the amount of $5.7 billion. Moreover, the experts interviewed note that the priority in the pipeline construction will be given to pipes of domestic production. Such a large-scale contract, certainly, gives the Russian pipe and steel companies a unique opportunity not only to improve their economic and financial situation, but also to demonstrate their competitive advantages, director of the Pipe Industry Development Fund, Oleg Kalinsky thinks.

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