RUSSIA INSIDER - PUTIN ON NORD STREAM 2: SOME DON'T LIKE OPEN AND FAIR COMPETITION ON GAS MARKET

Published on Jul 15, 2017
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Question: My colleagues here have already recalled the words President Trump said in Warsaw. He made yet another statement about the United States being ready to begin direct supplies of liquefied natural gas to Poland and Central Europe. What do you think of these plans, especially in the context of our plans for the Nord Stream? What if gas becomes a new cause of tension in US-Russian relations?

Vladimir Putin: I view these plans highly positively because healthy competition is good for everyone. We support an open market and healthy competition.

The US President said yesterday during the discussion that the United States stands for open, fair competition. And, by the way, when I spoke, I supported his point. So, we are absolutely all right with this; if it is so, if there is open and fair competition, no political motives or political resources involved, it would be quite acceptable for us. Because to date, it is an obvious fact that any specialist would tell you: the cost of production and delivery of liquefied natural gas from the United States is much higher than our LNG – even LNG – and is not even comparable to Russian pipeline gas. So, there is no doubt that we have an absolute competitive advantage. But to keep it, our market participants must work hard. They need to retain these competitive advantages.
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