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No liberalization of gas export via pipelines planned in RF

May 24, 2013, 0:26 UTC+3
Sechin said that liberalization would concern only the export of liquefied natural gas (LNG) and that a "decision on the matter can be expected soon enough"
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CARACAS, May 24 (Itar-Tass) - No liberalization of the export of gas through pipeline transportation in Russia is discussed or planned, Rosneft CEO Igor Sechin, who is currently in Venezuela on a visit, told journalists. "The matter is not under discussion," he said.

As Itar-Tass reported earlier, a number of experts did not rule out such a possibility in view of the emergence of an independent producer -- the NOVATEK Companyp -- on the European gas market. Besides, the idea of liberalizing the supply of Russia's gas via pipelines to Europe is being lobbied by the European Commission.

Sechin said that liberalization would concern only the export of liquefied natural gas (LNG) and that a "decision on the matter can be expected soon enough".

Rosneft is prepared to take a niche very quickly on the LNG markets in Pacific Rim countries, Sechin said. He recalled that, apart from the shelf gas production projects, as a result of which Rosneft expects considerable amounts of gas production, the company also has available large reserves on Sakhalin Island for the export of LNG.

The Rosneft chief believes that in the foreseeable future there will be no separation of gas transportation from the Gazprom system. However, he pointed out, it is advisable to maintain a compulsory separation of the accounting of expenses and revenue of Gazprom business -- separately for production and transportation. His opinion is that in that case the question of economic substantiation of the tariff on the transportatin of gas will be transparent.

Sechin recalled that the RF government's appropriate resolution, which makes it possible to separate the system of the accounting of Gazprom business, was adopted several years ago. The Rosneft chief expressed confidence that, notwithstanding the volatility of the gas market and its non-resilience, an increase in Rosneft production amounts would be demanded by the market both inside and outside Russia.

 

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