* Wants to build Sakhalin LNG plant by 2018
* Sees plant capacity at 5 mln tonnes per year
* Rosneft, Novatek want gas exporting rights
MOSCOW, April 11 Russian state energy major
Rosneft said on Thursday it wants to start supplying
liquefied natural gas (LNG) to Asia from 2018, challenging rival
Gazprom's plans to launch its own plant in the Pacific
port of Vladivostok.
Rosneft and U.S. major ExxonMobil have agreed to
study the possibility of building a plant to liquefy gas from
their Sakhalin-1 oil and gas project off Russia's Pacific coast.
Only Gazprom, according to a 2006 law, has the right to
export gas from Russia. Rosneft is, however, lobbying to win the
right to export LNG, as is Russia's largest independent gas
Rosneft Chief Executive Officer Igor Sechin said the annual
capacity of the plant's first line would total 5 million tonnes.
"We think that we have to offer our gas to the market no
later than 2018. If we do it later, our chances will be
significantly reduced," Sechin was quoted by Interfax as saying
in Yuzhno-Sakhalinsk, Sakhalin's capital.
He said that companies from South Korea and Japan, the
world's top LNG consumer, had shown interest in the project.
Russia is the world's second largest producer of
conventional natural gas after the United States, but has only
one working LNG plant, a 10-million-tonne-per-year facility
operated by a Gazprom-led consortium that includes Royal Dutch
Shell and Mitsui.
President Vladimir Putin has said the production of LNG,
which can be shipped by sea, should be made a priority, enabling
Russia to diversify away from supplying pipeline gas to Europe's
Gazprom has already announced plans to build its Vladivostok
LNG facility, with a capacity of 10 million tonnes a year, in
Analysts say that it will be 2015 at the earliest before
material new LNG supplies are expected to come on to the market
and there is a risk of delay due to worldwide financial and
Australia will supply the next new supply of LNG from 2014
and is set to overtake top exporter Qatar in 2017.
"Huge possibilities of LNG supplies to Asia Pacific region
will open in the nearest future, in 2015," Sechin said,
according to Russian news agencies.
"That's why we want to use this possibility and are working
hard in this direction," he was quoted as saying by Interfax.