“Rosneft” has put its first batch of LNG

The products were delivered within the framework of a contract with Egyptian Natural Gas Holding Company signed in August of 2015, has informed “Rosneft” on Friday, may 6th. LNG delivered by a tanker GOLAR ICE in the port of ain Sukhna (Egypt).

The company noted that delivery of LNG — the first ever operating activities of Rosneft. “Structural changes in the global market trading of LNG, expressed in growth of volume of spot transactions, open up broad prospects for increasing potential trading division of the company. The combination of spot contracts with long term contracts of the group “Rosneft” will allow in the future to maximize the economic efficiency of transactions, thus guaranteeing a stable sales channel for LNG”, the message reads.

The law allowed “Rosneft” and the participants of the project “Yamal LNG to deliver liquefied natural gas abroad, Russian President Vladimir Putin signed in December 2013. In accordance with this law, “Gazprom” and it “a daughter” “Gazprom export” has ceased to be the owners of exclusive rights to export natural gas in liquefied form.

The law caused dissatisfaction of “Gazprom”. At the end of April Deputy Chairman of the management Board Vitaly Markelov said that changing the rules for the export of gas from Russia, which gave the competitors “Gazprom” the opportunity to supply LNG abroad, has weakened the position of the gas giant in talks with China national petroleum company (CNPC). He also noted that the liberalization of LNG exports has a negative impact on the course of negotiations “Gazprom” with China and other projects of Russian gas supplies.