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Sechin: Rosneft not to break up Gazprom monopoly on gas export

February 06, 2014, 22:59 UTC+3 SOCHI
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SOCHI, February 06, 22:18 /ITAR-TASS/. Rosneft chief Igor Sechin said his company does not intend to break up Gazprom’s monopoly on gas export.

“Rosneft is a law-abiding company and is not in the habit of encroaching on the normative base. There’s no need for such provocations,” Sechin said. “We will continue working in the framework of the opportunities the present legislation offers,” he said.

“Everything suits us fine,” Sechin said, while remarking that, should the law change, discussion would follow.

As was reported earlier, Rosneft drafted proposals to end Gazprom’s monopoly on pipeline gas export. According to a source, Rosneft proposes to a two-stage reform of the gas industry.

“At the preparatory stage, it is envisaged to introduce equal domestic and export gas prices, give all players equal access to the gas transportation system and implement a pilot project for the access to the export channel,” said the source.

At the second stage Rosneft proposes to form an independent company for the gas transportation system (while continuing state regulation), set up a gas exchange and give an equal opportunity for gas export to all players in the market. “These are just suggestions. There is no definite concept yet,” the source said. “There is a need to discuss such matters as independent gas producers account for 27 percent of the market. But these are just proposals to discuss,” said the source.

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