Petrochemicals and LNG for the Russian energy sector are the priority vectors for stimulating related industries
“We have a government programme for the development of petrochemicals, and we have a clear understanding until 2035, which factories will be built to process raw materials, and what will be produced. This programme is balanced from the standpoint of Russian consumption, and to exclude dependence on imports of polyethylenes and polypropylenes, and large-tonnage chemical products. We are even ahead of it,” — Alexander Novak, Minister of Energy of the Russian Federation.
“For Russia, the development of liquefied gas production is one of the key directions for development of the gas industry. Such decisions were made in 2013, when the country’s leaders decided to liberalize the export of liquefied natural gas. Our gas exports have always been monopolized,” — Alexander Novak, Minister of Energy of the Russian Federation.
“Oil and gas chemistry <…> exists to meet the world’s need for new synthetic products,” — Dmitry Konov, Chairman of the Board of PAO SIBUR Holding.
“Speaking about the development of petrochemicals in Russia, as I see it, in recent years, in part through the programmes that the Ministry of Energy conducts, through a sufficiently clear outlook on how it should develop – petrochemicals had a breakthrough. But they broke through primarily so as to satisfy the needs of other Russian industries for synthetic products. We were never facing the task of creating the petrochemical industry that would recycle all the molecules processed in the oil and gas industry, to make something out of them and sell it somewhere. I am sure that it is impossible,” — Dmitry Konov, Chairman of the Board of PAO SIBUR Holding.
“The presence of an additional product available for processing in the domestic market exponentially increases the use of such product by processors. It is happening; I am sure that the projects that are being implemented according to the plan for development of oil and gas chemistry will give this push,” — Dmitry Konov, Chairman of the Board of PAO SIBUR Holding.
“Our strategy is not only to produce large-tonnage polymers. We still depend on the imports of the final product. The main task is to ensure the production in Russia and the demand for products that will not be used as raw materials for chemical production, but rather the chemical industry itself needs to be developed in order to produce consumer goods ourselves,” — Alexander Novak, Minister of Energy of the Russian Federation.
“As for LNG exports, the legislation is liberalized, and it is possible to develop and attract private investments in order to develop this sphere. We see great prospects: increase in the share of production, supply and consumption of LNG around the world. According to our estimates, by 2035 the demand for gas will increase roughly by 1.3 trillion cubic meters, while the share of LNG will be the largest in terms of demand. Now the share is 32% in international trade, by 2035 it will exceed 50%. We have a task to actively participate in this process. Russia is the great gas power. Today we have almost 20% of the market in international trade, but the share of LNG is small; we will be working in this direction, attracting investors,” — Alexander Novak, Minister of Energy of the Russian Federation.
“Russia strengthened its position in the global LNG market. And that is not just the global market, it is the fastest growing energy market,” — Denis Khramov, Deputy Chairman of the Management Board, NOVATEK.
“The growth in LNG consumption in the world by 2030 will be 73% from the current 293 million tonnes of consumption last year,” — Denis Khramov, Deputy Chairman of the Management Board, NOVATEK.
“The current relatively low price for LNG that has formed in the world will be driving growth,” — Denis Khramov, Deputy Chairman of the Management Board, NOVATEK.
“Yamal LNG project was successfully launched. We plan to launch the second and third stages of the plant ahead of schedule in 2018 and 2019,” — Denis Khramov, Deputy Chairman of the Management Board, NOVATEK.
“The resource potential of Yamal and Gydan allows Russia to occupy a solid position in the natural gas market in general, and the LNG market in particular,” — Denis Khramov, Deputy Chairman of the Management Board, NOVATEK.