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Михельсон Леонид

Leonid Mikhelson

Chairman of the Management Board, Member of the Board of Directors, NOVATEK
Quotes
09.04.2019
International Arctic Forum 2019
Russia’s Support for Private Investment in the Arctic: A New Approach
The Ministry of Finance amended the tax code and starting from 2023 regional governments have virtually no right to provide benefits to companies. I propose that such authority should be reinstated in the tax code, so that for at least 12 years the regions could provide tax benefits for Arctic projects and their suppliers
09.04.2019
International Arctic Forum 2019
Russia’s Support for Private Investment in the Arctic: A New Approach
The Russian Government played a decisive role in the implementation of the Yamal LNG project. There was a decree, an intergovernmental agreement was concluded with China. The government guaranteed permanent taxation rules for us. About half of the investment in this project was provided by shareholders, but the timing was bad: Novatek came under sectoral financial sanctions, and it was very important that at that particular time we received support from the National Wealth Fund in the amount of 150 billion roubles and financing from our banks
09.04.2019
International Arctic Forum 2019
Russia’s Support for Private Investment in the Arctic: A New Approach
The concept of LNG-2 will ensure technological opportunities to increase LNG production in the Arctic which would be very competitive in terms of costs
09.04.2019
International Arctic Forum 2019
Russia’s Support for Private Investment in the Arctic: A New Approach
According to our estimates, LNG projects will provide work for about 800 Russian enterprises and create about 80,000 jobs all over Russia
09.04.2019
International Arctic Forum 2019
Russia’s Support for Private Investment in the Arctic: A New Approach
We are now implementing a new project: Arctic LNG-2. It has more capacity [than the Yamal LNG project, – Ed.], about 20 million tons already, and the investment will be 30% less, about 1.2 trillion roubles. A number of major contracts for this project have already been signed; Total has already joined as a stakeholder, we are negotiating with partners from China and Arab countries
09.04.2019
International Arctic Forum 2019
The Northern Sea Route – The Key to the Development of the Russian Arctic
We must offer a competitive price of transportation to have a fair market share
03.10.2018
Russian Energy Week 2018
The Global Gas Market in 2030
By 2025, the LNG market will grow by more than a third and will amount to about 440 million tonnes. Our estimate of the LNG market by 2030 is about 700 million tonnes
03.10.2018
Russian Energy Week 2018
The Global Gas Market in 2030
In the next five years, a new industry will be born in the Russian Federation. The government has adopted a roadmap for developing the production of LNG equipment. We plan to involve about 800 enterprises in this work. We set goals for Russia to enter the world market as an equipment supplier for LNG production, including ready-made liquefaction lines that can be delivered anywhere in the world
03.10.2018
Russian Energy Week 2018
The Global Gas Market in 2030
Increasing gas availability is the key market growth driver. Many countries are revising their energy balances in favour of this type of energy source. The task for manufacturers is to keep the prices in the acceptable for the consumer range. <…> In the long term, pricing in the gas market should not be linked to oil indices. Prices should suit consumers. Otherwise, we will not be able to implement out plans to increase market volumes
03.10.2018
Russian Energy Week 2018
The Global Gas Market in 2030
In the most regions of the world, the price of gas determined by the price of oil and has a similar dynamic. We believe that this is not consistent with the reality. The risks of the oil market should not transfer over to the gas market