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Russia set to expand its presence in Singapore energy market — official

September 10, 2014, 10:22 UTC+3 SINGAPORE
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SINGAPORE, September 10. /ITAR-TASS/. Russia is set to expand its presence in Singapore’s energy market and to compete with other suppliers of hydrocarbons, Russian Deputy Energy Minister Yuri Sentyurin told ITAR-TASS on Wednesday.

“We have optimistic expectations,” Sentyurin said. “Singapore occupies a significant place in the Asia-Pacific region, and now it is an important venue for trade that lets through large consignments of Russian oil products.”

The deputy minister said that “certain Russian companies have received a right to sell LNG here”. "We, together with Singaporeans expect to occupy our rightful place in this dynamically growing market, and the Gazprom platform that has already been set up in Singapore could facilitate it."

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