Page 140 - RusRPTSept21

(LNG) refuelling of cargo and passenger ships – is now complete: the final stage of building the Dmitry Mendeleev having involved testing of gas and cryogenic (freezing) equipment, loading systems, and LNG storage and offloading pumps and compressors. The vessel will shortly begin its maiden voyage towards its fixed berthing in the Baltic Sea. This bunkering vessel, named after the great Russian chemist Dmitry Mendeleev, will provide ship-to-ship LNG transportation and refuelling at ports throughout the Gulf of Finland and the Baltic Sea – including St Petersburg, Ust-Luga, Primorsk, Kaliningrad and Vyborg.
Gazprom Neft announced its consolidated IFRS financial results for the first six months (H1) and second quarter (Q2) of 2021 on August 19.
Revenue for the first six months of 2021 was RUB1,338 trillion – a 46.6% increase year-on-year. Adjusted EBITDA1 (earnings before interest, taxes, depreciation and amortization) was up 138.8%, to ₽434.6bn, supported by higher domestic petroleum product sales and an increase in prices of oil and petroleum products on the international and domestic markets. In H1 2021, net profit attributable to Gazprom Neft PJSC shareholders grew 26 times to ₽217.2bn.
In H1 2021, hydrocarbon production (including Gazprom Neft’s share in joint ventures) was 48.5mn tonnes of oil equivalent (mtoe), flat year-on-year. Production volumes were supported by a 2.7% increase in gas production facilitated by the commissioning of an integrated gas treatment facility at the Vostochno-Messoyakhskoye field in July 2020, as well as the launch of infrastructure at the Tazovskoye field, the first oil and gas field in Russia to go into operation amidst the pandemic. With reserves initially in place of 419mn tonnes of oil and 225bn cubic metres of gas, the Tazovskoye field is set to become the centre of Gazprom Neft’s new production cluster with expected annual production of 1.7mn tonnes of oil and eightbn cubic metres of gas.
In H1 2021, refining volumes at Gazprom Neft’s own refining assets and those at joint ventures increased by 5.9% year-on-year to 20.7mn tonnes. This growth was driven by recovering demand resulting from the gradual lifting of COVID-19 restrictions, as well as the commissioning of the EURO+ complex at the Moscow Refinery.
Sales of motor fuels were up by 12.3% year-on-year in H1 2021, at 9.5mn tonnes. Higher domestic passenger and cargo traffic led to a 11.2% year-on-year increase in sales of aviation fuels, while a
140 RUSSIA Country Report September 2021 www.intellinews.com