Russian energy giant Gazprom sees great possibilities and prospects on the Asian market, Gazprom’s deputy CEO Alexander Medvedev said while speaking at an investors' day in Hong Kong.
"First, this is a geographical diversification. That’s because Asia is the most attractive and promising market for both pipeline gas and liquefied natural gas (LNG)," Medvedev stressed, linking this to the region’s high economic growth rates and the policy of increasing the share of gas, including in electric power.
"Secondly, our target group of investors also has huge potential. This refers to Asian investors who have both financial resources and the whole infrastructure for investments," Tass cited Medvedev as saying.
A number of Gazprom’s successful events in Asia aimed at attracting financing and investments have confirmed the company's wish to work on that market more actively, he said, adding, "We see a great interest on the part of the investors' community. This reflects what is happening in the world and in our company." Tuesday's meeting proves that Gazprom is indeed "the leader of the global energy community." "This is a global company which has stable revenues, controlled expenses, good investment projects that make Gazprom attractive for investments and cooperation," he said.
Despite the Western sanctions against Russia and the current fluctuations in the value of the ruble, "Gazprom has its feet on the ground," as it has a very balanced portfolio and both domestic and foreign sales, he concluded.
