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  Tuesday, June 18, 2019
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Gazprom is trying to enter the US liquefied natural gas market without letting the Americans take part in its own production projects
Sempra Energy (accounts for about 14% of the US market) has offered the monopoly to help start supplies to North America as early as 2005. On Tuesday, Gazprom signed a memorandum of understanding with it. The document provides for the use of the company's terminals for the regasification (transfer from a liquid into an ordinary state) of Russian liquefied natural gas in the USA, Gazeta.ru reports. "Cooperation will be advantageous for Sempra Energy. Gazprom will pay for the US company's regasification services, hence, Gazprom gas will be cheaper for it," Renaissance Capital company analyst Yelena Savchik says. The concern is planning to start the swap supplies of liquefied natural gas to the US market as early as 2005. In 2006-2009. Gazprom is planning to continue swap supplies on the basis of mid-term contracts with US companies, and after 2010, direct supplies of Russian liquefied natural gas to the US under long-term contracts will start. "Gazprom is interested in Sempra Energy because it does not plan to take part in production projects outside the USA. At the same time, other gas companies, working in the USA ask the Russian gas monopolist to pay "an entry fee" for the permission to operate on the US liquefied natural gas market - participation in the developments of gas fields in Russia. The Americans are interested first of all in the Shtokman project providing for the development of a gas field on the shelf of the Barents Sea (3.2 trillion cu m of gas and 31 million tons of condensate), the construction of a gas liquefaction plant, gas transportation and sale on the US and European markets. The USA's ConocoPhillips, ExxonMobil and ChevronTexaco, the British-Dutch Royal Dutch/Shell, the British BP and the Norwegian NorskHydro and Statoil claim a share in the gas field. So far, Gazprom has signed agreements on mutual understanding (on participation in the Shtokman project) practically with all the enumerated companies, while the choice of participants will depend on the specific terms of the contracts, which foreign claimants will now offer to the monopoly
Print Gazprom is trying to enter the US liquefied natural gas market without letting the Americans take part in its own production projects Bookmark Gazprom is trying to enter the US liquefied natural gas market without letting the Americans take part in its own production projects

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