Russia terrified watching monuments destroyed in Palmyra — culture ministerRussian Politics & Diplomacy January 21, 17:08
Russian bombers deliver successfully strikes on terrorists' facilities in SyriaWorld January 21, 15:39
Denmark uses Russian data in its application for expanding shelf — ministerBusiness & Economy January 21, 15:15
Agreement on bases in Syria to serve strengthening of stability in Middle East — MPRussian Politics & Diplomacy January 20, 21:18
Trump's inaugural address: When America is united, America is totally unstoppableWorld January 20, 20:57
Hermitage chief: New Palmyra destruction comes across as militants' vengeanceRussian Politics & Diplomacy January 20, 20:29
Russia's first deputy PM wants to keep current tax system for next political cycleBusiness & Economy January 20, 19:53
Russia’s Shipulin clinches gold in 20km individual race of IBU World Cup stage in ItalySport January 20, 19:18
Prominent Russian adventurer Konyukhov to take samples from Mariana Trench floorSociety & Culture January 20, 19:15
FRANKFURT, August 31, /ITAR-TASS/. It is not expedient for Europe to give up Russian oil and gas, the president of Russia’s state oil giant Rosneft told the German news magazine Spiegel on Monday.
“Europe may gain competitive benefit from buying energy resources in Russia at favourable prices. Shale gas and other new production technologies are much talked about nowadays,” he said.
“But as a result, gas will become more expensive for European consumers, I have no doubt. It is inexpedient to give up one’s advantages,” he said.
In its cooperation with China, Rosneft is not “writing off Europe”, as a Spiegal correspondent suggested, but diversifies its sales markets, the top executive said.
Late in June, Rosneft signed a $270 billion supply deal with China National Petroleum Corp. to double oil supplies to China.
“The share of China in Rosneft exports is only 13% at the moment, while the share of European countries is 39%,” Sechin said.
“We have four petrochemical plants in Germany, we are the biggest Russian investor in your country,” Sechin said.
Countries of the Asia Pacific region need energy resources, he said. “It is impossible to isolate Russia. The world is absolutely different from what it used to be decades ago,” Sechin added.