Peskov: decision on admissibility NOVATEK to export gas to Europe was not taken

MOSCOW, March 2. The Kremlin does not comment on the ongoing discussion about the possibility of permit NOVATEK to export gas to Europe, but stress that the decision was not taken.

“Any decisions on this account were not accepted”, – told reporters the President’s press Secretary Dmitry Peskov, commenting on media reports that NOVATEK has requested to the head of state.

“This is the case when I say that any official approval or correspondence we did not wish to comment on,” concluded Sands.

Previously, the newspaper “Vedomosti” wrote that NOVATEK requested the authorities to allow him to export gas to Europe through “Gazprom export”. The publication cites in its possession a letter from the Minister of energy Alexander Novak, the Russian President Vladimir Putin of 18 February.
NOVATEK offers to allow your Swiss trader Novatek gas & Power Gmbh (NGP, 100% owned by Russian companies) to supply European consumers with gas in Arcticgaz (JV NOVATEK and “Gazprom oil”), the letter reads.

By the end of 2015, the trader has contracted to 3.1 billion cubic meters of gas, of which 0.7 billion cubic meters of Russian origin. NGP could have all the gas for European consumers to buy in Russia, so exports would have grown by 2.4 billion cubic meters per year, says Novak. The idea is that Gazprom bought gas in Arcticgaz the export netback price, says a person close to one of the companies.

The proposal of “NOVATEK” the Minister requested to maintain: the export of Russian gas will grow, the budget will receive an additional 9.4 billion rubles in the form of export duties, and “Gazprom” will increase revenue at the expense of Agency fees.