Vladimir Pilyushin: The jewelry market is not stand-alone and moves by the same laws as other markets

Vladimir Pilyushin is editor-in-chief of Russian Jeweler, a leading magazine about the jewelry industry in Russia. He told Rough&Polished about his view on the evolution of the jewelry industry in Russia and touched upon some of its problems.

16 september 2024

Sarine’s David Block: Diamond Industry at Standstill Until Chinese Demand Returns

David Block is CEO of Israel’s Sarine Technologies and has served in the position since 2012. In this exclusive interview for Rough and Polished, Block gives his opinion on the leading issues affecting today’s diamond trade.

11 september 2024

Dr M'zée Fula Ngenge: Demand for considerable-sized diamonds stronger than ever

The African Diamond Council (ADC) chairperson Dr M'zée Fula Ngenge told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that although overall global diamond prices have been somewhat soft, the demand for considerable-sized diamonds...

02 september 2024

Amplats sees prospects as a standalone company

Anglo has revealed its plans to demerge Anglo American Platinum (Amplats), which has operations in South Africa and Zimbabwe, to optimise shareholder value. Rough&Polished contacted Amplats to comment on this and other issues but was referred...

19 august 2024

WFDB President Yoram Dvash Remains Confident Despite Global Diamond Challenges

Yoram Dvash is President of the World Federation of Diamond Bourses (WFDB) having been elected in 2020. He found time in his busy schedule to speak to Rough&Polished about the state of the diamond industry around the world and some of the major...

12 august 2024

An alternative to American turbines for Arctic LNG-2

06 june 2023
Novatek has solved the problem of replacing American-made gas turbines for its Arctic LNG-2 project in the Yamal-Nenets Autonomous District, the supply of which was blocked due to anti-Russian sanctions.
Comparable analogues in terms of parameters can be provided by the Chinese company Harbin Guanghan Gas Turbine, part of the China Shipbuilding Industry Company.
Aggregates from China, designed for gas liquefaction and electricity supply, will ensure the operation of the first two lines of the LNG project with a capacity of about 150 MW each, porarctic.ru reports.
Novatek already has experience in operating the products of China Shipbuilding Industry Company: one CGT25-D turbine from this corporation is involved in the booster compressor station of the Yamal LNG plant.
The appearance of a real alternative to American turbines is a significant event. This will make it possible to remove the technical obstacles that have arisen in the way of the Russian gas project and translate it into a practical plane without violating the previously announced schedule.
Recall that the Arctic LNG-2 plant will be represented by three natural gas liquefaction lines with a capacity of 6.6 million tons per year each. As planned, the first of them should start at the end of 2023, the second – during 2024, the third – in 2025.
The buyers of LNG from the Arctic will be the countries of the Asia-Pacific region, including Japan, which retains a ten percent share in the Arctic LNG-2 project.
According to the Consul General of the Russian Federation in Sapporo Sergey Marin, thanks to this project, Japan will be able to increase imports of Russian liquefied natural gas by two million tons per year by 2026.

Alex Shishlo for Rough&Polished