"Industrial Safety" project Award

 Visa Spa — our main supplier of diesel generators and lightning towers — is proud to be awarded by Confindustria of the Veneto region and INAIL for its active support and commitment to the project “Industrial Safety”,

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Russia and China has signed the largest contract in the history of "Gazprom"

Today in Shanghai the CEO of "Gazprom" Alexey Miller and the President of China National Petroleum Corporation (CNPC) Zhou Jiping have signed a contract for supply of Russian pipeline gas to China via eastern route. The document was signed in the presence of Russian President Vladimir Putin and PRC President Xi Jinping.

The contract for a period of 30 years stipulates an export of 38 billion cubic meters of Russian gas to China per year. The contract was signed on mutually beneficial terms and includes such key parameters as the pricing formula pegged to the oil basket and the "take or pay" term.

"Russia and China signed the largest contract for gas supply in the history of the Soviet Union and "Gazprom"- more than 1 trillion cubic meters for the duration of an agreement. We opened an entirely new market with a huge potential for Russian gas.

The supply scheme of Russian pipeline gas to China is the largest investment project of global importance. In Russian territory alone an investment in the gas production & distribution facilities  building will make $55 billion. A large-scale gas infrastructure will be set up in the eastern part of Russia leading to an economic development of the region. Entire sectors of the Russian economy will be given a boost for development: metal industry, pipe and tube production, machinery manufacturing.

Today we have opened the first page of a thick volume of the fascinating history of Russian-Chinese gas sector cooperation, in which we inscribe a lot more important chapters"- said Alexey Miller.

"Yamal LNG" project news

A French company Technip, together with its Japanese partners JGC and Chiyoda concluded a 4.5 billion euros contract with "Yamal LNG" for a construction of natural gas liquefaction plant of 16.5 million tons per year capacity. The company made a statement today.

"The situation in Ukraine has in no way affected the project - told Thierry Pilenko, the CEO of Technip to "Eco" newspaper. - I believe that the energy sector will not be affected by these events, given its importance both for Russia and for Europe."

LNG complex will consist of three plants with capacities of 5.5 million tons / year each. Representative of the French oil services company emphasized that "the plant being constructed in Russia will become one of the largest facilities of its kind in the world."

 

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