Former Zenit FC player Kazachenok dies at 64Sport March 27, 1:37
Russian senior MP calls on EU politicians not to hide heads in sand in Syrian settlementRussian Politics & Diplomacy March 26, 18:09
Three Russian fans stabbed after football match in BelgradeSport March 26, 3:28
Russia ready to take part in restoring oil production in Syria - energy ministerBusiness & Economy March 26, 3:27
Moscow disappointed over new US sanctions against Russian companies - Foreign MinistryRussian Politics & Diplomacy March 26, 1:28
US sanctions 8 Russian companies over non-proliferation lawWorld March 25, 21:53
Russia's Defense Ministry says US-led coalition unlikely to launch battle for Raqqa soonRussian Politics & Diplomacy March 25, 19:06
Russia cuts oil production by 185,000 barrels per day as of today — energy ministerBusiness & Economy March 25, 18:30
OPEC has no objections to speed of Russia's oil production cutsBusiness & Economy March 25, 12:38
MOSCOW, January 30. /ITAR-TASS/. Russian oil giant Rosneft has prepared a plan to abolish Gazprom’s monopoly for gas exports, a source in the industry familiar with the document told Itar-Tass. A source in the government confirmed proposals were under consideration, but no structured concept was yet on the table.
According to one of the sources, Rosneft suggests reform of the gas sector in two stages. At the preparatory stage the oil giant proposes an equal-profits price (equal domestic and export prices), provide market players with equal access to gas transportation system and implement a pilot project for access to export outlet.
Furthermore, the plan provides for turning the gas transportation system into a state-regulated independent company, setting up a gas exchange and giving all market participants opportunity to export gas.
“Since 27% of the market is held by independent gas producers, the issue is already high on the agenda,” said a source in the government.
Meanwhile, Rosneft’s official told Itar-Tass the company did not comment on the government’s decisions but executed them: “There are just no reasons to comment now.”
Rosneft’s President Igor Sechin repeatedly mentioned the company’s plans to boost gas production to 100 billion cubic meters a year by 2020. In particular, last December he said a gas strategy was being adjusted following acquisition of new assets, namely consolidation of 100 percent of Itera gas company. He said gas was one of the company’s priorities and Rosneft was actively dealing with organic gas production growth in Rospan International and Itera. The strategy included an LNG plant, he added.
Rosneft’s gas reserves as of late 2013 were 6.6 trillion cubic meters (category A+B+C1+C2). According to interim estimates, consolidated gas production in 2013 given asset acquisition is expected at 41 billion cubic meters. Gas accounts for 32% of Rosneft’s hydrocarbon reserves and made almost 10 percent of the company’s production.