The government opposed export of gas, “Rosneft” and NOVATEK


The government opposed the destruction of the monopoly Gazprom to export Russian gas, said the head of Ministry Alexander Novak.

“The government’s position still unchanged from the point of view of a single export channel for pipeline gas,” he said.

In 2015, the President of “Rosneft” Igor Sechin and Chairman of the Board of NOVATEK Leonid Mikhelson sent to the Kremlin requesting them to allow them to do it, even though the export monopoly of Gazprom.

Against this initiative were made by the head of “Gazprom” Alexey Miller. In his opinion, in Europe, gas consumption is falling. “In this situation, the opportunity to sell additional volumes of gas to gas traders on hubs exist, but these sales usually only lead to the creation of a surplus of supply over demand and, ultimately, to the degradation of prices,” he said.

Press Secretary of the President of Russia Dmitry Peskov said in March that any decision on this issue the administration did not accept. “Any decisions on this subject have been taken,” he said. Sources close to the presidential administration, said that the decision whether to allow NOVATEK or Rosneft to export gas, is not accepted. “The President promised to think about it, though, and said that now is not the time for such radical steps,” said one of the interlocutors .

The energy Ministry official noted then that the Ministry’s position on both queries is not yet formed. It asked the presidential administration more time to assess the impact on the pricing of Russian gas on foreign markets.