Novatek CEO sees RussiaТs gas exports liberalization poorly timed - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Novatek CEO sees RussiaТs gas exports liberalization poorly timed

MOSCOW, Jul 25 (PRIME) Ц Immediate liberalization of RussiaТs natural gas exports will be poorly timed, Leonid Mikhelson, CEO of independent gas producer Novatek, said in an interview to Kommersant business daily published on Wednesday.

CEO of FranceТs Total Patrick Pouyanne previously asked President Vladimir Putin to carry out a reform and allow TotalТs joint venture with Novatek to export pipeline gas to Europe. Currently, only gas giant Gazprom is allowed to export pipeline gas.

УThis issue is very politicized, and we, the Russian side, were not the ones who did it. The decision of Vladimir Vladimirovich (Putin) not to give a direct answer is a totally right position. We can obviously understand our partners. They invested in development of the Termokarstovoye field located 350 kilometers off the unified gas supply system, and the economy there is not that great,Ф Mikhelson said.

УIt is obvious that Total would like to export part of that gas to raise its return on investment. But the project is bringing back money slowly even without exports. The solution of the issue in gas export liberalization is poorly timed given the current situation.Ф

He said that development of the liquefied natural gas (LNG) industry is more relevant today.


25.07.2018 09:52
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 76.7556 +0.6819 15 nov
USD 67.9975 +0.3163 15 nov
Stock Market Indices
1D 1W 1M 1Y
rtsi 1117.26 +1.56 18:50 14 nov
micex 2378.59 +0.15 18:50 14 nov
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 151.85 +2.03 18:49 14 nov
lkoh 4856.50 -2.08 18:47 14 nov
rosn 427.15 -3.71 18:49 14 nov
sber 199.20 +1.34 18:49 14 nov
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 76.4400 +0.2375 14:59 14 nov
USDTD 67.0600 -0.6350 17:44 14 nov