“Rosneft” will bring LNG to South-East Asia – News

Photo: REUTERS / Gleb Garanich

According to Izvestia”, after the first in its history postavkoy liquefied natural gas ( LNG) to Egypt “Rosneft” intends to expand its presence in the global LNG market and begin deliveries not only in African countries, but also in Southeast Asia, as well as in other regions of the world. Experts believe that the LNG market in the near future will only increase, and for the company, which plans eventually to supply its liquefied natural gas, the work on the spot is not only promising but also mandatory, as this makes it possible to now gain a foothold in the global LNG market .

Trading division «Rosneft» – Rosneft Trading SA – delivered the first batch of LNG under contract with the Egyptian Natural Gas Holding Company. The product has been delivered to the tanker Golar Icev port of Ain Sukhna in the framework of the concluded contract in August 2015 year. And now Golar LNG Limited, and to the Egyptian Natural Gas Holding Company (EGAS) «Rosneft” has signed a cooperation agreement in 2015. Yesterday in the “Rosneft”, “News” said that the company plans to comply with these agreements, “including with regard to the scope of supply.”

According to “Izvestia”, the tender was attended by major world leaders. Besides, “Gazprom”, which a year ago concluded with Egypt, a five-year framework agreement for the delivery of 35 LNG cargoes, in 2016 has not yet delivered any cargo.

In the “Rosneft” yesterday noted that “the first LNG delivery in EGAS address demonstrates the competence of electricity trading” Rosneft “division, which is a serious competition able to launch their own production capacities to find, purchase and supply products, and to do it with maximum economic efficiency. ”

According to senior analyst Valery Nesterov Sberbank CIB, the victory of “Rosneft” in the tender may be the result of a more favorable offer.

– «Rosneft” new on the spot LNG market, and probably the company has offered a competitive price – suggested interlocutor.

– This result was made possible by the agreements reached at the highest level between the Government of Egypt, the management of “Rosneft», EGAS and EGPC, – said the representative of state-owned companies.

In addition, he said, “Rosneft” confirmed its status as a reliable LNG supplier in the world market, was established a significant precedent for the further development of LNG trading.

– In the future, the company intends to increase the supply of LNG on the spot market in Africa, Southeast Asia and other regions, – he concluded

Oksana Lukicheva, Analyst. commodity markets “Opening Broker” notes that the “Rosneft” the prospects for participation in tenders for good. According to her, at the present time “Rosneft” suspected Qatari gas supplies.

The IEA estimates that global demand for natural gas will grow by an average by 2% between 2020 and the demand for LNG will rise twice as much. World LNG imports increased in 2015 by 2.5% compared with the previous year. This conference Flame 2016 which is taking place these days in Amsterdam, said Vincent Demuri of the International Group of importing liquefied natural gas (GIGNL).

At the same time has increased significantly in recent years the role of the spot LNG market, which in 2005 accounted for only 8% of the LNG trade, and in 2015 – almost 30%, according to market research firm Genscape, which reports “Interfax»

Asia remains the leader in terms of LNG consumption in the region is drained about 72% of all LNG cargoes in the world. First of all we are talking about South Korea and Japan, although the demand for gas increases and other Asian countries,

– To date, “Rosneft” sells two of its LNG project (Pechora and the Far East), – recalls a senior analyst at Sberbank CIB Valery Nesterov. However, he said, to develop them, while oil prices are at $ 40 per barrel, is unprofitable. In the future, according to him, by 2035 the volume of the LNG world market will amount to 400-450 million tons

The interviewee noted that the yield on the spot market for LNG, “Rosneft” -. A landmark event.

– The company has consistently appears on the market, which gives her the opportunity to continue to develop this business segment, supplying its gas already. So I think that for such companies as “Rosneft”, her participation is mandatory, – concludes the source

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