Russia’s Rosneft LNG ambitions in Arctic being held up by ministries: Kommersant

• Posted in OilGas
• on July 15, 2020
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Russian oil giant Rosneft is having difficulty in acquiring three gas fields on the Taymyr peninsula, with government ministries fearing competition with Gazprom’s gas exports via pipelines, the Kommersant daily reported on Wednesday.

The economic situation in target markets needs to be taken into account, the Natural Resources Minister Dmitry Kobylkin wrote in a letter to Deputy Prime Minister Victoria Abramchenko.

Gazprom, which has a monopoly on gas pipeline exports, previously prevented Rosneft from undertaking a similar project, Pechora LNG, in 2016.

Rosneft is seeking to transport LNG through the Northern Sea Route from the Deryabinskoye, Turkovskoye and Kazantsevskoye fields in Russia’s Arctic.

Gazprom has long been arguing that LNG currently exported by Novatek, and Rosneft’s LNG plans may harm its positions on gas shipped to Europe and China via pipelines. Gazprom is also exporting LNG as a top shareholder at the Sakhalin-2 project.

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