Co-owner of the Russian company NOVATEK, one of the richest men in the country, Leonid Mikhelson has publicly advocated the creation of an alternative export pipeline gas to replace the monopoly of “Gazprom” in this segment of the market. About Mikhelson said in an interview “Kommersant”.

“For the state, I think it would be beneficial if the supplier of gas for export was not alone, not only “Gazprom”. To regulate the export of gas the state can and other methods, not only in the framework of “Gazprom”, – explained the businessman.

According to him, Gazprom was “very good period” for the last 15 years, when the price of oil was high (many long-term contracts “Gazprom” have the oil linkage).

“And formed the view that it is possible to work only and no more, and this leads to the impossibility to take into account emerging risks. But there is still the problem of the attitude to Russian gas on the European market is now “Gazprom” actually,” added Michelson.

In March of this year, the media wrotethat “NOVATEK” does not leave attempts to encroach on the monopoly of “Gazprom”. In the spring, in particular, the company asked the Russian President Vladimir Putin to let her export gas to Europe through the trader “Gazprom export”.

The owners of NOVATEK are Leonid Mikhelson and Gennady Timchenko. 24,76% of the shares belongs to the company’s head Leonid Mikhelson and 23,49% – Volga Group Gennady Timchenko, who was included in the American sanctions list as a businessman of the “inner circle” of Russian President Vladimir Putin.

The company “NOVATEK” is under sectoral sanctions of the United States relating to restrictions on long-term borrowings in U.S. dollars, but, unlike “Rosneft”, “Gazprom Neft” and “Transneft”, were not included in the sanctions lists of the EU.

In June 2016, Michelson said he does not expect any new sanctions: “You know that NOVATEK is under sectoral sanctions of the USA, which relate only to limit long-term borrowing in US dollars. We believe that any new sanctions that could affect NOVATEK, will not” – said Mikhelson.



Co-owner of “NOVATEK” urged the Kremlin to end the monopoly of “Gazprom” on the gas export market 25.10.2016

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