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Finance Minister Anton Siluanov questioned the idea of Vladimir Putin to receive Gazprom in connection with the signing of a contract with China . According to the minister, the corporation does not need additional financing, since it receives $ 25 billion from China as an advance payment under a gas supply contract. This is reported today by Kommersant.
At the end of May , negotiations between Gazprom and the Chinese CNPC Corporation, which lasted ten years. The contract for the supply of Russian gas to China implies cooperation for 30 years and the supply of gas with a volume of 38 billion cubic meters per year. The total contract price is $ 400 billion - this is the largest contract for the entire quarter -century Gazprom history.
The implementation of this contract implies the construction of a gas transport network for gas supply to China. The pipe will be called the “power of Siberia”, it will be built in 5 years, and the volume of investments in this project is estimated at about $ 55 billion. The start of the first part of the pipeline is planned at the end of 2019, remaining - for 2021.
In total, the volume of costs for the construction of infrastructure and the organization of gas supplies are so large that the prospect of export to China is questioned in terms of profitability. But in the corporation itself, according to Kommersant, they are sure that the income from this project will not give in to other prey and transport projects. The rate of profitability for Gazprom in production is 12%, and on gas pipelines - 15%. Experts believe that the expensive project of Siberia Power overlaps the benefit of the gas supply project to China, but has its advantages from a political point of view.
"The power of Siberia." Photo: gazprom.ruThe idea of the President of the Russian Federation on the pre -capitalization of Gazprom was expressed at the Presidential Commission for TEC: Vladimir Putin proposed the government to use the gold and foreign exchange reserves as sources of financing for infrastructure for a gas contract with China. “I think that Gazprom will not object to this, but the government and the Ministry of Finance should think about the contracting of Gazprom for the volume of the cost of building a new infrastructure,” Putin suggested and noted that the infinite increase in gold and foreign exchange reserves bears risks.
Anton Siluanov. Photo: archive.government.ruOn Wednesday, this proposal was criticized by the Minister of Finance Anton Siluanov, who recalled the prepayment of the Chinese side of $ 25 billion. In this amount, the construction of a gas pipeline in China is estimated. “So far we see that Chinese banks give Gazprom loan for $ 25 billion, there are resources in order to build a gas traffic network,” Siluanov’s statement quoted Kommersant. He also noted that, in the event that pre -capitalization is still necessary, then the Ministry of Finance will consider various options for its implementation.
Among other projects significant for Gazprom, we can distinguish the participation of the corporation in the construction of the shipyard in the Far East. The agreement on the creation of a joint venture for the design and construction of courts was signed by the Ministry of Industry and Trade, Rosneft, Gazprom, Novatekom, Gazprombank, Svokomflot and the United Shipbuilding Corporation. In addition to the courts, the project implies the design and construction of drilling platforms and marine equipment. The project cost is 111 billion rubles, 27.5 billion rubles were attracted from the federal budget. The ministry relies on the fact that Gazprom and Novatek will provide the main demand for the shipbuilding cluster. These companies have already announced the need for 29 gas carriers and six tankers. Such equipment is necessary for transporting hydrocarbons to consumers that are mined on the Russian shelf.
Recently, Gazprom turned to the domestic market with great interest, which he had previously preferred export. This is associated with a change in the situation in the world, in particular, in the global energy market - the American “shale revolution”, a drop in demand for gas in Europe, and market stagnation. In addition, all new gas production centers appear, and pricing systems undergo significant changes. Export gas supplies by the monopoly for 2013 are estimated as record. During this period, according to official figures, the export of Russian natural gas amounted to 196.4 billion cubic meters, including 138 billion cubic meters - to the far abroad.
Gazazprom is one of the largest oil and gas companies in the world, it is a gas vehicle and a gas production monopoly in Russia. In the global rating of oil and gas companies, it steadily takes the first place in gas production, and in oil production is one of the twenty world manufacturers. In global gas reserves, the approximate share of Gasprom is 17%, in Russian - more than 60%. In 2011, the Russian oil and gas corporation entered the top three most profitable companies in the version of Forbes magazine, losing the top of the rating of the American Exxon Mobile and the Swiss Nestle.