Rosneft may become Russia’s second largest gas producer

Oil major Rosneft can become Russia’s second largest gas producer in the mid-term, the company said in a statement quoting its CEO Igor Sechin.

Oil major Rosneft can become Russia’s second largest gas producer in the mid-term, the company said in a statement quoting its CEO Igor Sechin.

“In the last two years Rosneft has established a massive gas business, has become Russia’s third largest gas producer, built effective gas marketing, tripled its production and formed a competitive portfolio of gas projects. We see the potential of becoming Russia’s second largest gas producer in the mid-term,” Sechin said.

He also said the Rosneft sees implementation of effective mechanisms for monetizing oil and gas reserves, including the development a long-term resource supply system, as its priority.

First published by TASS.

All rights reserved by Rossiyskaya Gazeta.

More exciting stories and videos on Russia Beyond's Facebook page

This website uses cookies. Click here to find out more.

Accept cookies