Russia's Rosneft to start gas exports to Europe?

Russia's Rosneft to start gas exports to Europe?

Russia's largest oil producer Rosneft asked President Vladimir Putin to allow it to export 10 billion cubic metres of gas per year via an agent agreement with pipeline gas exporting monopoly Gazprom, Kommersant daily said on Friday.

The newspaper cited a letter by Rosneft's head Igor Sechin to Putin, dated Aug. 13. It said the state budget will get an additional 37 billion roubles ($500 million) a year thanks to an increased gas production tax on the overseas supplies.

Sechin said in the letter, according to the newspaper, that the additional gas supplies by Rosneft will facilitate the removal of the European Union's restrictions on undersea gas pipelines Nord Stream 1 and Nord Stream 2 as well as the land Opal pipeline, which connects with Nord Stream 1.

The proposal was put forward following an Aug. 5 fire at Gazprom's gas facility in northern Russia, which led to a decline in Russian gas exports via the Yamal-Europe pipeline. Supplies have been restored since then.

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