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Rosneft is main Russian oil supplier to China, ensures 7% of country’s demand, says CEO

Rosneft’s gas reserves in Eastern Siberia and the Far East that may be potentially delivered to China via pipelines, exceed 2 trillion cubic meters

MOSCOW, November 29. /TASS/. Rosneft is the main Russian oil supplier to China, which ensures 7% of the country’s total demand, Chief Executive Officer of the Russian oil major Igor Sechin said at the 4th Russian-Chinese energy business forum on Tuesday.

"Rosneft remains the key Russian crude supplier to the People’s Republic of China, ensuring 7% of the total oil demand of the Chinese market," he said.

"The company has traditionally played an important role in the strategic pivot to the East. We have always supported an aggregated cooperation with Chinese partners across the technological chain," Sechin added.

Rosneft’s gas reserves in Eastern Siberia and the Far East that may be potentially delivered to China via pipelines, exceed 2 trillion cubic meters, the CEO noted.

"Russia’s pipeline supplies of gas to China will surpass 100 bln cubic meters per year in the foreseeable future. That said, the potential of the Russian resource base of natural gas is substantially higher than those volumes. The issue is both about gas reserves in Eastern Siberia diverted from the European direction and about a vast resource base in Russia’s east. Rosneft alone has gas reserves in Eastern Siberia and the Far East that may be potentially delivered in this direction, exceeding 2 trillion cubic meters," he explained.

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