New marketsNew markets in the Atlantic BasinGazprom Group’s interest in the Atlantic basin countries is determined by a series of factors. TheUnited States and Canada are completely liberalized markets with profitable demand and large domestic natural gas markets that feature well-developed infrastructures. Consolidating its position in the North American market will help Gazprom Group to geographically diversify its deliveries and limit the transit risks that weigh on export revenues. The Gazprom Marketing & Trading USA Company was established in 2006 to help the Gazprom Group penetrate the US market, perform trades, lease transmission and regasification capacities, and purchase LNG. In October 2009 GM&T USA began commercial operations in North America based on the volume of pipeline gas, obtained in the swap (fractional) time. The company also operates in conjunction with Gazprom Global LNG for the implementation of LNG to the US market. Latin America countries also pose a special interest to Gazprom Group, and not only because of their large reserves of oil and gas, but also because of the rapid gas markets growth in countries such as Brazil, Argentina and Mexico. For this reason, some of the countries in the region not only represent a possible source of LNG, but also potential sales markets. Gazprom Marketing & Trading Mexico ensures the group’s presence in the Mexican market, as a tenant of the Costa Azul regasification terminal facilities for receiving LNG from Sakhalin-2. New markets in the Asia-Pacific RegionIn keeping with its strategy to become a global energy company and particularly in pursuit of its objective to achieve geographical diversification, OAO Gazprom is interested in entering new markets in the Asia-Pacific Region (APR). The company’s interest in this region is determined by the dynamic development of the Asian energy market and as the location of its major resource centers are in close proximity to Russia. Our list of target APR markets focuses on China, South Korea and Japan. The successful completion of these objectives will help to create the second largest (after Europe) export corridor that would open the way for Russian gas deliveries to APR countries. In order to solidify its position in the LNG markets of the United States and the APR, Gazprom Group is developing cooperation with Middle Eastern and other gas producing countries (Qatar, Oman, Egypt, Iran and others). The advantage of these countries in their unique geographical location – they are equidistant from the Atlantic and Pacific basins markets, and have significant volumes of produced LNG.
Related news: Alexander Medvedev briefed Japanese experts on Gazprom activities in Asian market - 14.09.2011 |
