Russia’s energy minister Alexander Novak is to host a Russian Day at a gas industry conference in London next month.
The role of Russia as a global supplier of natural gas will be examined during the day-long session, which will also feature the chief executives of petrochemical giant SIBUR and liquefied natural gas exporter Sakhalin Energy.
Other government and state energy executives will also be at the event to explore investment and financing issues in Russian energy and project development.
Organisers of the event, Gastech, said the Russian Day was being developed in collaboration with Russia’s energy ministry “amid growing political will in Russia to diversify the customer base and drive forwards liquefied natural gas (LNG) exports to increase business with Asian gas consumers”.
They said President Vladimir Putin has reiterated commitments to making investment and private ownership of energy interests in Russia more accessible, pledging his administration will “not stand in the way” of opportunities for foreign investors to buy stakes in the national energy industry.
Gastech said the Russian government is also currently closely involved in discussions with the European Commission in a bid to cement energy ties until 2050, with Russia the EU’s single largest natural gas supplier – but appreciates that growing demand from Asia means a commitment to delivering LNG export potential is also now a top priority.
Head of vontent for Gastech, Gavin Sutcliffe, said: “The involvement of so many senior Russian energy figures, including Minister Novak, indicates how seriously the Russian government is responding to the growing demands for natural gas and LNG from other consumer regions outside the EU.
“Russia’s shift towards the potential privatisation of large swathes of state-owned energy assets has struck a global chord – opportunities such as those currently being discussed present enormous potential for private investors and foreign organisations alike.”
Gastech Conference & Exhibition is being held from October 8-11 at the ExCeL, London.
About 2,000 delegates are expected to attend the conference and a further 10,000 visitors are expected through the exhibition.
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