* Russia is redirecting oil flows away from Europe
* Share of oil, products sent to Asia to double by 2035
* Russia to increase motor fuel export, cut heavy oil
MOSCOW, Jan 24 Russia plans to at least double
its oil and gas flows to Asia over the next 20 years, a draft of
its energy strategy showed on Friday, part of a pivot away from
export routes to Europe.
Russia's energy sector is undergoing a dramatic
transformation, with oil flows being redirected to Asia via the
East Siberia-Pacific Ocean pipeline and the gas sector boosted
by a partial end of Gazprom's export monopoly.
In a document published on its website, the Energy Ministry
said one of Russia's goals was to diversify its exports, with
the share of oil and oil products sent to Asia doubling to 23
percent by 2035.
By then, Russia aims to ship a total 32 percent of its oil
to Asia, the Energy Ministry said, with gas rising to 31 percent
from 6 percent. Europe is now Russia's main gas export market.
Russia sent around 16 percent of its total oil exports to
Asia last year and is exporting gas to Asia only from the
Sakhalin-2 LNG plant, which has total annual capacity of 10
"Energy markets in Europe and the Commonwealth of
Independent States (a collection of 11 former Soviet republics)
will remain major export markets for Russian energy goods but
export volumes after 2015 will decline to stay at 95 percent of
2010 levels by then (2035)," the document said.
A ministry spokeswoman said on Friday the document was a
draft and a final version was expected to be published and
approved later this year.
State owned energy company Rosneft, which became
the world's top listed oil producer by output last year, is
leading the shift eastwards, preparing to triple oil exports to
China in coming years to over 1 million barrels per day (bpd).
Along with Novatek, both are eyeing fast-growing
Asian markets to ship super-cooled gas close to the end of this
decade, after the government limited state-owned Gazprom's
control over gas exports to those sent via pipelines.
Russia is now pumping oil near capacity of around 10.5
million bpd and a rapid increase is unlikely until the
production of tight oil starts. The process will need at least
five years, officials and analysts say.
Officials have said that increased exports to Asia will not
hurt European clients because of new fields will come onstream
in coming years.
Russian oil exports declined by 2.5 percent to 228.5 million
tonnes in 2013, according to Energy Ministry data, falling
further to 225 million tonnes (4.5 million bpd) this year due to
The document also showed that Russia plans to cut heavy oil
export to 20 million tonnes in 2035 from 57 million tonnes in
2010 and increase shipments of motor fuels to 58 million tonnes
from 44 million tonnes.
(Reporting by Katya Golubkova, editing by Elizabeth Piper)