Reorientation of Russian export flows to the oil and gas market of the Asia-Pacific Region becomes relevant

22 april 2015

Leonid Grigoriev, the Chief Adviser to the Head of the Analytical Center, moderated the panel discussion "Eastern vector of Russia's energy strategy: priorities, strategic objectives and key tools to achieve them", which took place at the XIII Moscow International Energy Forum "Fuel and Energy Complex of Russia in XXI century".

Participants discussed prospects of development and enhancing the competitiveness of the energy infrastructure in Eastern Siberia and the Far East, creating favorable conditions for the development of energy exports and high-tech products of Fuel and Energy complex of Russia to the Asia-Pacific countries. Particular attention was paid to the creation of production facilities for liquefied natural gas, producing high-tech products of hydrocarbon processing, integrated development of the infrastructure in new producing areas.

Experts noted, that the aggrevation of the international situation due to events in Ukraine, the US and the EU massive political and economic pressure on Russia, the use of economic sanctions against Russia imply a policy of reducing the dependence of the EU on imports of Russian hydrocarbons. In this situation, the reorientation of the Russian export flows to oil and gas market of the Asia-Pacific region becomes particularly urgent, experts consider.

Victor Timoshilov, the Head of the Department for Coordination of eastern projects of the JSC Gazprom, spoke about the Eastern Gas Program, the coordination of which was delegated to JSC Gazprom by the Government of the Russian Federation. "We have reached a new level in gas supply to the Eastern region, especially with respect to Kamchatka", said the expert. "However, concerning gas, we have solved only problems, laying on surface, so we passed the first step. Now we need proper organization of work, systemic solutions." Mr. Timoshilov considers that this issue can not do without an increased government regulation and identification of the structures that should monitor the works' implementation. The industry needs to improve the tax environment and pricing, according to him.

Summarizing the discussion, Mr. Grigoriev noted the importance of the forum "Fuel and Energy complex of Russia in XXI century", which gathers in one place professionals in the fuel and energy complex. "It is a traditional April respectable conference", said the expert. "This year's plenary session was devoted mainly to the complexity of the energy complex of Russia in terms of sanctions, the fall in oil prices. Today, we have a discussion on the eastern vector. Ministries, Gazprom, electricity industry gave an interesting image of problems in the country, large experts from Energy Institutes talked about the situation in China." The expert noted the value of discussion for future work.

XIII Moscow International Energy Forum "Fuel and Energy complex of Russia in XXI century" was held in Moscow on April 20-21, 2015. The Analytical Center was a program partner of the Forum.