Wednesday, March 5, 2014

STROYTRANSGAZ `WILL BUILD A TERMINAL IN THE ARCTIC

`` STROYTRANSGAZ TERMINAL WILL BUILD IN THE ARCTIC
STROYTRANSGAZ `WILL BUILD A TERMINAL IN THE ARCTIC

`Stroytransgas` shareholder is businessman Gennady Timchenko, won the biggest competition for the company `` Gazprom Neft for the construction of an oil terminal in the Arctic. Analysts have estimated that the cost of the project may reach $ 1 billion This is the first project for the company, which can be a through ticket to other Arctic tenders.

Tender `` Gazprom Neft to perform the design, supply of equipment and materials, construction and commissioning of the Arctic year-round oil export terminal Novoportovskoye field won by a consortium of companies (SCF `` `` Shelf `Institute (Simferopol), Van Oord offshore bv ( Netherlands) led by Stroytransgaz ``. `The sum of the contract Gazprom Neft` does not open. The company said that the application for participation in the tender were received from three candidates. `In` SGM, another major contractor of oil companies, RBC daily said, that the company did not participate in the tender.

Winners were selected on criteria such as #39;price, turnaround time and the possibility of future maintenance facility#39;, indicated in the message `` Gazprom Neft. According to a representative of the oil company, the preparation of a feasibility study (FS) to be completed before the end of 2012, the expected completion date of construction of the terminal - 2014.

The first step will be the preparation of project documentation, as well as obtaining the necessary permits and approvals, after which the contractor will supply the place of construction - Stone Cape - materials, equipment and technology. Capacity of the terminal will be decided on the basis of the feasibility study of the project. Then the experts will start construction works, and later begin the process of commissioning and commissioning of the terminal Arctic year-round shipment of oil from onshore New Port `` `explained` Gazprom Neft.


Raw materials will be transported from the field on a 100-kilometer pipeline. The port provides for the construction of four storage tank, the volume of each of them - 10 thousand cubic meters. m

`` Stroytransgas specializes in the construction of oil and gas infrastructure, but the experience in the construction of Arctic terminals the company does. In 2009, it became the largest shareholder of businessman Gennady Timchenko. At the time, `` Stroytransgas was loss-making company.


In 2008, the loss was 6.22 billion rubles., In 2009 it rose to 6.74 billion rubles., But in 2010 fell to 4.7 billion rubles.

To improve the financial position of the company held an additional issue of shares, sold non-core assets and reorganized. As a result, last year she got a plus, net profit amounted to 851.4 million rubles. Total cost of gas, oil and electric power projects, which involved `` Stroytransgas last year amounted to 150 billion rubles.


It Gennadi Timchenko also has contracts for the construction of oil and oil product terminals in the port of Ust-Luga, but in the Arctic offshore experience it does not work.

`` Stroytransgas now seriously loses its competitors - SGM `` and `` Stroygazkonsaltinga who pushed him in pipeline business, says CEO of National Energy Security Fund Konstantin Simonov. Clearly, the company is actively seeking new niches for business development, for example in the electricity market is planning to engage in the construction of networks. `` Stroytransgas will seek to where the interesting projects and have low competition, including in the Arctic oil fields#39;, - he says. According to him, the company has strong administrative resources, and access to projects in the Arctic and the upcoming competitions #39;Rosneft#39; s will open.

Raiffeisenbank analyst Andrey Polishchuk estimates the cost of construction of the terminal in the $ 700 million (at the rate of $ 100 per tonne), and given the difficult arctic amount could rise to $ 1 billion

Source: http://www.rbcdaily.ru/2012/10/04/tek/562949984852802