Three young men detained in Moscow for throwing flares at US ambassador’s residenceWorld October 25, 22:02
Kremlin gives no comment on alleged US carte blanche to Russia for Aleppo operationRussian Politics & Diplomacy October 25, 21:44
German ARD TV channel to go any length to win case against Russian athlete — lawyerSport October 25, 21:24
Russian, German top diplomats discuss humanitarian situation in Aleppo — ministryRussian Politics & Diplomacy October 25, 20:09
Russia moves up to 40th place in Doing Business-2017 rating — World BankBusiness & Economy October 25, 20:04
Russia hopes to receive roadmap from IPC on Paralympic membership soonSport October 25, 20:03
Lukoil warns about fake "namesake" company in UKBusiness & Economy October 25, 19:39
Russia keeps urging West to set up wide coalition against terrorismRussian Politics & Diplomacy October 25, 19:37
The farthest shore: peaceful images of Russia's Primorsky KraiSociety & Culture October 25, 19:17
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.