OREANDA-NEWS. On 25 June 2009 Veles Capital Released Daily Review:

NOVATEK wants to work with Total. The French concern Total signed with NOVATEK the main terms of the deal on purchasing 49% of the participation share in Terneftegas, JSC (a 100% subsidiary of NOVATEK) for the joint development of the Termokarstovoe deposit, imparts the press-release of NOVATEK.

In 2009 Gazprom will sell less gas to the abroad. Export of Gazprom’s gas to the far abroad in 2009 is planned to be at the level of 142.1 bn cubic meters versus 158.8 bn cubic meters in 2008, stated the deputy-chairman of Gazprom’s board, CEO of Gazpro Export Alexander Medvedev at the press-conference, imparts Interfax.

Mechel corrected the investment program for 2009-2012, and will invest 2.9 bn USD. Mechel Group plans to direct 2.9 bn USD within the framework of the investment program for 2009-2012, 1.4 bn USD out of which will be directed to the mining segment, 1.2 bn USD – to the steel smelting, 110 mn USD – to Ferro-smelting and about 36 mn USD – to the energy sector.

NMTP summed up the results of 1Q 2009 by IAS. Net profit of Novorossiyskiy sea trade port (NMTP) lost 40.1% by IAS in 1Q 2009 versus the similar estimate of the previous year to 33.732 mn USD.