NOVATEK questioned benefit from gas supplies through pipes “Gazprom”

The head of Novatek Leonid Mikhelson said it does not plan to raise the issue of gas exports to European countries in Gazprom pipelines. He reported this in the sidelines of the Eastern Economic Forum (WEF) in Vladivostok, reports TASS. Michelson believes that his company is more profitable to deliver liquefied natural gas (LNG) on tankers. “NOVATEK” – the second largest production of the Russian manufacturer of natural gas and the main competitor “Gazprom”.

“to supply LNG tankers to the European market at the operational cost of interest by 50 more economically expediently, on transport costs. Tankers transport is much cheaper than the operating costs of pipe [transport] for such distances,” the businessman said.

On September 2, the head of Gazprom, Alexey Miller, said that the first deliveries to Europe on the Northern Plow-2 could begin with the start of the heating season until the end of 2021. Two gas pipeline threads will be held from Russia to Europe on the bottom of the Baltic Sea. The length of “Northern Flow-2” – 1224 kilometers, bandwidth – 55 billion cubic meters per year.

In early September, Deputy Prime Minister Alexander Novak said that Russian President Vladimir Putin instructed the government to consider the admission of “Rosneft” to the Gazprom pipelines for the export of natural gas. The order followed after the letter of the head of Rosneft Igor Sechin to the president with the appropriate request. According to the current legislation, Gazprom has a monopoly on gas exports on pipelines.

At the end of April, Michelson convinced Vladimir Putin to convey his company Tambai Group of Gas Fields in Yamal, whose development rights belong to Gazprom. NOVATEK planned to use the obtained deposits to produce LNG and send to the Far East. The president agreed to sell liquefied gas from Yamal more profitable than pumping through the pipes.

/Media reports.