Putin: Russia To Expand Power Industry Ties With Asia Pacific Region

PUTIN: RUSSIA TO EXPAND POWER INDUSTRY TIES WITH ASIA PACIFIC REGION

October 8, 2013 – 11:50 AMT

PanARMENIAN.Net – Russia plans to expand power industry interaction
with countries of the Asia Pacific region, President Vladimir Putin
has said, according to RIA Novosti.

“We export large quantities of natural gas to European countries. At
the same time, we see that energy resources are playing an ever more
important part in speeding up economic growth in the Asia Pacific
region,” Putin told a two-day summit of the Asia-Pacific Economic
Cooperation (APEC) forum in Bali, Indonesia, Monday, October 8.

“We are aware of our responsibility in this sector and therefore plan
to expand our energy sector cooperation with our partners in Asia.

This concerns several different areas: fossil fuels, and advanced
technology too,” the Russian leader said, according to a translation
of his speech posted on the Kremlin website.

“Abundant oil and gas resources are our natural competitive advantage,”
Putin said, adding that Russia has “already built a big oil pipeline
system running to the Pacific coast.” He apparently referred to the
East Siberia – Pacific Ocean (ESPO) pipeline.

“This project set records in effectiveness and was built in record
quick time. It runs several thousand kilometers from Siberia to the
Pacific Ocean, with a branch line running to Daqing in China. This has
helped to develop a new global energy market for our brand of oil,”
the Russian president said.

“As for gas, we have big possibilities in this sector and are carrying
out a number of projects,” he said, adding that Russia would “soon
take steps to develop the liquefied natural gas trade.”

From: Emil Lazarian | Ararat NewsPress

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Emil Lazarian

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