“Gazprom” is interested in cooperation with the Asia-Pacific region in the supply of oil

“Gazprom” is interested in cooperation with the Asia-Pacific region in the supply of oil


Participation in regional integration processes in APEC would ensure the dynamic development of Siberia and the Far East, said the head of the company Alexey Miller.

MOSCOW, 18 Nov. “Gazprom” is interested in cooperation with countries in the Asia-Pacific region in the field of oil supply, refining and power sectors, said the head of the company Alexey Miller’s visit to the APEC summit, which takes place in Manila (Philippines).

“Energy is recognized as a key component of regional economies of the APEC countries. Highlights the increasing role of natural gas and the importance of creating a reliable energy infrastructure,” said Miller, whose words are in the release.

“Participation in regional integration processes in APEC would ensure the dynamic development of Siberia and the Far East. Gazprom is consistently implementing the Eastern gas program in the region and is interested in developing long-term relationships in the field of pipeline gas and LNG. For “Gazprom” also of interest are such areas of cooperation as the supply of oil, oil refining and power industry”, — said Miller.

In the forum, Miller took part in the meeting of Prime Minister Dmitry Medvedev and President of Vietnam Truong tan sang. At the meeting, including, it was about the project of reconstruction of oil refinery Dung Quat.

The APEC forum of 21 economies of the Asia-Pacific region. The Philippines have large estimated reserves of natural gas — about 2.1 trillion cubic meters. However, gas production in the Republic in recent years has declined to less than 4 billion cubic meters a year. The increase in gas consumption Philippines associated with the construction of terminals to receive LNG.

Gazprom and Vietnamese companies have cooperated in the exploration and production of hydrocarbons, supply LNG to Vietnam, refining, and development of gas motor fuel market of the Republic. Dung Quat is the only oil refinery in Vietnam, the plant’s capacity is 6.5 million tons per year.