Business Watch
Russia’s second biggest gas producer Novatek has signed a cooperation agreement with icebreaker operator Atomflot on shipping along the Northern Sea Route.
The agreement lays down both companies’ intent to engage in strategic cooperation in the field of safe shipping, a press release from Novatek reads. It includes both shipping of equipment for the development of the South Tambey field in the Yamal Peninsula and of LNG from the same field.
Novatek is the license holder to the South Tambey field, a project which is planned to be developed as LNG together with Gazprom. The project is planned to be developed in three phases, the first covering the period 2012-2016.
Several companies have shown interest in the project, among them Total, GDF Suez, Shell, Exxon, ConocoPhillips, Mitsui, Mitsubishi, Repsol, ONGC and Qatar Petroleum.
Building on the 2010 agreement with Slovakia to build a 1520 mm gauge railway line through Slovakia, from the Ukrainian border to Bratislava and Vienna, Russian Railways, RZD, is set to roll out its broad gauge railway lines to southern Germany, Switzerland, Austria, Slovenia, Czech Republic, Hungary, Slovakia, Serbia, north Croatia and northern Italy over the next four years, RZD President Vladimir Yakunin told the Russia Business Week forum at the London School of Economics this week.
Last year, Russian Railways, RZD, invested 9.13 billion roubles in the full reconstruction of the stretch between Mga - Gatchina - Veimarn - Ivangorod and railway approaches to ports on the southern shore of the Gulf of Finland.
Russian company Mobius, which is engaged in providing warehouse facilities to retail customers and corporations, has decided to expand operations. The company was founded by Andrei Korkunov and his partners last year to provide temporary storage facilities to individuals and businesses relocating or renovating. Andrei Korkunov is also the president Ankor Savings Bank and the Odintsovskaya Confectionery Factory.
Edge Worldwide Logistics is has teamed up with its Russian partner to provide a refrigerated container service from the port of Murmansk, Russia. The service will transport fish from the Barents Sea to customers in the UK, Europe, US and Asia. It is aimed at retail, wholesale and manufacturing companies moving fish for further processing and consumption.