LNG Export Strategies on Agenda at London 'Russian Day'

Press Release
Tuesday, September 25, 2012

The role of Russia as a key global supplier of natural gas will be amplified at upcoming 'Russian Day' event.

The Russian Energy Minister, Alexander Novak, confirms he will host a special ‘Russian Day’ at one of the world’s leading gas industry events in London this October.

The role of Russia as a key global supplier of natural gas will be examined during the day-long session, which also welcomes Novak’s Deputy, Pavel Fedorov, plus chief executives from petrochemical giant SIBUR and liquefied natural gas exporter, Sakhalin Energy.

Other leading government and state energy executives will also be present to explore future investment and financing issues in Russian energy and project development.

Head of Content for Gastech, Gavin Sutcliffe, said: “The involvement of so many senior Russian energy figures, including Minister Novak, indicates how seriously the Russian government is responding to the growing demands for natural gas and LNG from other consumer regions outside the EU. Russia’s shift towards the potential privatisation of large swathes of state-owned energy assets has struck a global chord – opportunities such as those currently being discussed present enormous potential for private investors and foreign organisations alike.

Mr Novak said: “I look forward to welcoming delegates and guests to the Gastech Conference and Exhibition in London. I believe that Gastech is an ideal opportunity and platform to assist international partners to co-operate more effectively, allowing the launch of new joint projects within the energy sector.

The ‘Russian Day’ is being developed in collaboration with the Energy Ministry amid growing political will in Russia to diversify the customer base and drive forwards liquefied natural gas (LNG) exports to increase business with Asian gas consumers.

The Russian government is also currently closely involved in discussions with the European Commission in a bid to cement energy ties until 2050, with Russia the EU’s single largest natural gas supplier – but appreciates that growing demand from Asia means a commitment to delivering LNG export potential is also now a top priority.


 

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