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Russia takes Asia Pacific states as key oil and gas partners — ministry official

December 02, 2014, 9:56 UTC+3 SINGAPORE
Moscow counts on development of mutually beneficial cooperation in this sphere, Russian Energy Ministry official said at the 20th Offshore South East Asia Conference and Exhibition
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© ITAR-TASS/Stanislav Krasilnikov

SINGAPORE, December 2. /TASS/. Russia takes Asia-Pacific states as main partners in the oil and gas sector, director of the department of oil and gas production and delivery at Russian Energy Ministry Alexander Gladkov said at the opening of the Russian stand at the 20th Offshore South East Asia Conference and Exhibition (OSEA 2014) on Tuesday.

Russia “counts on development of mutually beneficial cooperation in this sphere,” he said.

“In September Singaporean businesspeople visited (Russia’s Far East) Sakhalin where they stated for the first time that they were interested in oil and gas cooperation with Russia,” Russian Ambassador in Singapore Leonid Moiseyev said. In general, the republic “is turning in one of Russian key partners in this region,” he said. This year “the bilateral trade will grow 50% to reach $8 billion” this year, the ambassador noted.

Subprograms on development of the oil industry and development of the gas industry and Russian state-funded program on energy efficiency and energy development will be presented at the forum, members of Russian delegation told TASS. Meanwhile, Energy Ministry’s officials will deliver a report on long-term energy development through new oil-and gas-producing fields and technologies.

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