GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

ALROSA separated gas from diamonds

20 november 2012

ALROSA has found a buyer for natural gas to be extracted by its 100-percent subsidiary – ZAO Geotransgaz – operating on the Beregovoye Gas Field located in the Yamalo-Nenets Autonomous District.
As the Kommersant Daily found out, Geotransgaz signed a three-year contract with OAO Rosneft for the supply of about 7 billion cubic meters of gas at the price of RUB1,547 per 1,000 cubic meters. The above price is almost 2.5 times lower than the average market price for gas in the domestic market, which will not only allow Rosneft to secure reserves for sales to large consumers, but also to use this long-term contract as a pledge for loans associated with the acquisition of TNK-BP.
The fact that Geotransgaz came to terms with Rosneft for the supply of gas from the Beregovoye Gas Field in the Yamal-Nenets Autonomous District was disclosed to the Kommersant by a source familiar with the negotiations.
“In compliance with Decree N1021 of the Russian Government dated December 29, 2000, the price for gas under this contract will not be subject to state regulation. It is fixed at 80% of the wholesale bottom price for gas set by the Federal Tariff Service for industrial consumers in the Yamalo-Nenets Autonomous District during relevant periods,” the source explained to the Kommersant.
Currently, the parties are contemplating extension of the contract for several more years, the source added. It is expected that Geotransgaz will be connected to the gas pipeline system of Gazprom till the end of December. All the necessary approvals have been obtained and the infrastructure is already in place, the source said.
The source did not rule out the possibility that in future it will be Rosneft which may be the buyer of the gas assets owned by ALROSA. The parties do not issue any official comments on these arrangements.
Last January, ALROSA signed an agreement with Zarubezhneft for the sale of 25% plus one share in Geotransgaz and 26% in Urengoi Gas Company. This transaction has not yet been closed, the Kommersant’s source close to ALROSA said.