Privileges to certain languages in Ukraine’s education law to worsen situation — diplomatRussian Politics & Diplomacy October 20, 21:46
International balance of forces in Syria after Raqqa’s liberation unclear yet — expertMilitary & Defense October 20, 21:05
Russia to resume import of aubergines, pomegranates from Turkey since October 30Business & Economy October 20, 20:18
International station to orbit Moon at 70,000 km distance from EarthScience & Space October 20, 20:09
US indulging in lies to have UN-OPCW mission’s mandate extended — Foreign MinistryRussian Politics & Diplomacy October 20, 19:31
This week in photos: Diplomatic kiss, Paddington's dance and French bank in flamesSociety & Culture October 20, 17:46
Scientific team unlocks secret to supercaps’ vast capacity as ‘the battery of the future’Science & Space October 20, 17:40
Russian economy’s losses from cyber threats may surge fourfold in two yearsBusiness & Economy October 20, 16:52
Nornickel to begin construction of golf field in Siberia in 2018Business & Economy October 20, 16:10
KRASNOYARSK, February 19. /TASS/. Russia may become the world’s biggest producer and importer of gas in case its price goes down substantially, deputy chairman and chief economist of Russia’s VEB development bank Andrey Klepach said at a breakfast meeting organized by TASS at the Krasnoyarsk Economic Forum Friday. He added that Russia could thus follow Saudi Arabia, which is the world’s top oil producer now.
"I think we could to some extent play the card of Saudi Arabia on the gas market. By competing with shale oil it made a bid for boosting output and slashing prices. Speaking about gas we can play the same role as we have potential for boosting gas output though it’s related to a serious reduction of gas price," he said.
According to Klepach, anti-Russia sanctions stimulated oil and gas companies to develop their own technologies. "I think the situation with sanctions stimulated our oil companies, probably Gazprom to a lesser extent. We’re seriously behind in the technological sphere," he said.
Also, Klepach said he thinks Russia should not get rid of its oil dependency in case it developed technologies. "We’re always undermining the fundamental basic role of hydrocarbons in our economic development, and we’re constantly saying that we should get rid of this dependency. I don’t think we can do this," he said.