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Putin at APEC summit says Siberian energy will fuel Asian economic growth

By The Siberian Times reporter
08 October 2013

The Russian president pledges to open up exports of liquefied natural gas to meet Far East demand.

In a significant announcement, the Kremlin leader said 'we are examining and will soon take steps to develop the liquefied natural gas trade. Picture: Gazprom

Vladimir Putin signaled to the Asia-Pacific Economic Cooperation (APEC) forum in Bali, Indonesia, the importance of the region for Russian energy exports, both from traditional and advance technologies. 

'We realise our responsibility in this sector, and therefore are planning to expand our energy cooperation with our Asian partners,' he told an audience of businessmen. 'Russia is probably the world's biggest natural gas exporter. 

'We export large quantities of natural gas to European countries. At the same time, we see that energy resources are playing an ever more important part in speeding up economic growth in the Asia-Pacific region.'

He stressed: 'This concerns several different areas: fossil fuels, and advanced technology too. By advanced technology, I mean developing the nuclear energy sector. We are working actively with our partners in China, India and other countries, where we are building power plants and carrying out successful big projects in the nuclear energy sector. 

'I note too that all of our projects are based on what we call the post-Fukushima standards, which set higher safety demands. We are also carrying out a number of hydroelectricity projects in Russia, and this enables us to export a sizeable amount of electricity to the Asia-Pacific countries. 

'We will expand this work. Together with our partners, we will also work on renewable energy sources too, of course.'

Krasnoyarsk Hydro Power Plant, eurosib

'We are carrying out a number of hydroelectricity projects in Russia, and this enables us to export a sizeable amount of electricity to the Asia-Pacific countries'. Picture: Eurosib

Russia already has in place 'a big oil pipeline system running to the Pacific coast. This project set records in effectiveness and was built in record quick time. 

'It runs several thousand kilometres from Siberia to the Pacific Ocean, with a branch line running to Daqing in China. This has helped to develop a new global energy market for our brand of oil. As for gas, we have big possibilities in this sector and are carrying out a number of projects. 

'First of all, we have gas pipeline projects. We are already building an infrastructure link from Sakhalin Island to Vladivostok, from where the pipeline could go on to South Korea either via North Korea or via the sea route. We could carry out at least two projects for delivering gas to China'.

In a significant announcement, the Kremlin leader said 'we are examining and will soon take steps to develop the liquefied natural gas trade. 

'I am referring here to projects in northern Russia, on the Yamal Peninsula, where one of our big private companies, Novatek, is working. We not only support the projects that Novatek is already carrying out there, but will also support the projects of our main gas producing and exporting company, Gazprom. These are also big projects.

'Russia, using its budget resources, is building one of the biggest ports in the north of the country, Sabetta. We are investing budget money in an underwater channel, from which the liquefied natural gas can be sent once the project to expand the Northern Sea Route's capacity has been carried out, to Europe and to Asian countries.'

He pledged: 'Of course, we will also continue work on the projects that you probably already know on Sakhalin and around Vladivostok'.

The announcement on the impending removal of curbs on LNG exports from Russia will be seen as a boost for Gazprom rivals in Russia. Currently Gazprom is in a monopoly position but analysts said the Russian government was seeking a compromise between the companies, while Rosneft has also lobbied for LNG export rights.

Comments (1)

well if rightly used Siberian energy can fuel not only Asian, couple more economic growth. I mean, if you look at the map its like half of the world is taken by Siberia. people should be billionaires there!!!
Cheryl, US
09/10/2013 18:55
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