OREANDA-NEWS. October 15, 2009. Veles Capital released daily market review:

Gazprom: negotiations with China go on… Gazprom and CNPC signed the frame agreement on the principal terms of gas supplies in China by the results of Chinese-Russian economic forum. The agreement has been signed in presence of the heads of governments of Russia and China by the end of the bilateral negotiations.

NOVATEK upped the gas extraction in 3Q 2009 by 3%. NOVATEK in 3Q 2009 upped the extraction of gas by 3% versus the similar period of the previous year to 7.87 bn cubic meters, the extraction of liquid hydrocarbons grew by 16% to 741 thousand tons.

Non-audited results of WGC-3 by IAS within 6 months of 2009. Sales of WGC-3 in 1H 2009 dropped by 1% and formed 18.2 bn RUR. The main reason of reduction of the given estimate was the lowering of output by the power stations of WGC-3 due to drop of power consumption in the regions of HEPS’ presence.

Holding of IRNC expects the average growth of traffic in the distribution networks in 2010 at the level of 15-20%. IRNC Holding, which manages the intraregional distribution network companies of RF, expects the average tariff of transporting power energy via the distribution networks in 2010 will form 15-20%.

Raspadskaya lowered coal mining within 9 months by 10% to 7.2 mn tons. Raspadskaya lowered the coal mining within 9 months of 2009 by 10% to 7.19 mn ton. Company put under contract all the volumes for 4Q 2009 for the Russian sale the distribution price of the coal concentrate totaled 2.7 thousand RUR per ton (approximately 90 USD) at the base of FCA Mezhdurechensk.