MOSCOW, April 1 Russia's Rosneft
expects its gas output to reach 55 billion cubic metres (bcm)
this year and rise to over 63 bcm in 2015, the company told
Reuters on Tuesday.
Rosneft, the world's largest listed oil company by output,
plans to build a liquefied natural gas (LNG) plant in Russia's
Far East with initial capacity of 5 million tonnes a year in
partnership with U.S. company ExxonMobil.
In response to questions sent by email, it said it was
implementing the Far Eastern LNG project on schedule despite
political tensions with the West over Russia's annexation of
Crimea from Ukraine. It said the project targeted Asia- Pacific
markets and was due to come on stream in 2018-2019.
Rosneft said current LNG prices in the Asia-Pacific region
meant it would "successfully" carry out the project. It added
that it did not expect all LNG projects announced by the United
States to come on stream because of the level of U.S. domestic
gas demand and competition from neighbouring Canada.
(Reporting by Denis Pinchuk, Writing by Katya Golubkova,
Editing by Timothy Heritage)