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Rosneft may become Russia’s second largest gas producer

December 09, 2014, 18:26 UTC+3 MOSCOW
Rosneft says implementation of effective mechanisms for monetizing oil and gas reserves is its priority
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© AP Photo/Mikhail Metzel

MOSCOW, December 9. /TASS/. Oil major Rosneft can become Russia’s second largest gas producer in the mid-term, the company said in a statement quoting its CEO Igor Sechin.

“In the last two years Rosneft has established a massive gas business, has become Russia’s third largest gas producer, built effective gas marketing, tripled its production and formed a competitive portfolio of gas projects. We see the potential of becoming Russia’s second largest gas producer in the mid-term,” Sechin said.

He also said the Rosneft sees implementation of effective mechanisms for monetizing oil and gas reserves, including the development a long-term resource supply system, as its priority.

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