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    Itar-Tass: Access to Russian oil, gas expedient for Europe - Rosneft

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Summary

Rosneft head Igor Sechin say that it is "inexpedient" for Europe to to give up the advantages that Russian oil and gas provide.

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Press Notes

Itar-Tass: Access to Russian oil, gas expedient for Europe - Rosneft

It is not expedient for Europe to give up Russian oil and gas, the president of Russia’s state oil giant Rosneft told the German news magazine Spiegel on Monday.

“Europe may gain competitive benefit from buying energy resources in Russia at favourable prices. Shale gas and other new production technologies are much talked about nowadays,” he said.

“But as a result, gas will become more expensive for European consumers, I have no doubt. It is inexpedient to give up one’s advantages,” he said.

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