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Gazprom opposes Rosneft, Exxon LNG project

MOSCOW -- Gazprom opposes the plans of Rosneft and Exxon Mobil to build a gas liquefaction plant on the Pacific island of Sakhalin and is prepared to continue talks on buying and liquefying the gas itself, a Gazprom executive was quoted as saying by Prime news agency.

Gazprom operates Russia' s only liquefied natural gas plant, known as Sakhalin 2, but is facing competition from the planned Rosneft Exxon plant on Sakhalin and Novatek' s Yamal LNG. The government is drafting legislation to allow companies other than Gazprom to export LNG.

Rosneft and Exxon' s LNG proposed plant "doesn' t need to be built," Prime cited Gazprom' s chief for projects in Russia' s east, Viktor Timoshilov, as saying. "A lot of infrastructure is already built, and there' s no need, in our view, to build more."

Mr. Timoshilov said Gazprom was prepared to continue talks on buying gas from Rosneft and Exxon' s Sakhalin 1. Responding to Mr. Timoshilov' s remarks, Rosneft said in a statement that it had evaluated the project' s viability and "doesn' t need additional evaluations from competitors."

Dow Jones Newswires



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