August 12, 2020

Market News | Company News - Press Reviews Before Market Opening

Gas from Yamal sailed to Lithuania. The country will receive the first large batch of LNG from Russia

Lithuania sought reduce its dependence on energy supplies from the Russian Federation,for the first time will purchase a large-capacity batch of Russian liquefied gas. According to Kommersant’s information, the LNG batch from the Yamal LNG project was reloaded in the French Montoire onto the Stena Clean Sky vessel and is now heading to Klaipeda. The seller was Total, the buyer, according to one interlocutor of Kommersant, is the Lithuanian state company Lietuvos energijos tiekimas, according to another, Achema. According to analysts, the deal illustrates both increased flexibility in the LNG market and the growing influence of Russian suppliers in Europe on it.

https://www.kommersant.ru/doc/4089744

T Plus will increase investment and debt. The company introduced a strategy until 2032

Despite the prospect of a merger with Gazprom Energoholding, “T Plus"(39.59% of the shares are disposed of by Renova VictorVekselberg) approved a new business development strategy until 2032. The company will increase investments in the thermal business segment and modernization of its old CHP plants, total investments will amount to 325 billion rubles. The company also intends to separate the solar generation into a separate joint venture with Hevel. At the same time, the company will face a forced increase in its debt burden, but at the request of shareholders will continue to pay dividends.

https://www.kommersant.ru/doc/4089551

ChelPipe issues debut Eurobonds in the amount of $ 300 million

On Thursday, September 12, the Chelyabinsk Pipe-Rolling Plant (ChTPZ) Andrei Komarov posted a debut releaseEurobonds in the amount of $ 300 million for a period until September 2024, an investment banker told Vedomosti and confirmed by interlocutors close to one of the placement parties and one of the organizing banks. Demand exceeded $ 1 billion, profitability amounted to 4.5%.

https://www.vedomosti.ru/business/articles/2019/09/12/811159-chtpz-evroobligatsii

Cryptocurrency with a human face. Investors in digital assets proposed to rob anonymity

Association of Banks of Russia (ADB) has preparedthe concept of a decentralized cryptocurrency turnover, according to which it is proposed to deprive anonymity of investors in these assets. Experts assess the measure as premature and difficult to implement. To begin with, they offer to deal with the most basic regulation, for example, to determine what type of property cryptocurrency belongs to.

https://www.kommersant.ru/doc/4089908