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. Last Updated: 07/27/2016

Gazprom Targets America

Gazprom plans to begin exporting natural gas to the United States as soon as it can, company CEO Alexei Miller said Wednesday.

"Energy dialogue between our countries helped Russian oil producers to open the door to the U.S. oil market. We hope we have similar prospects in the gas sector as well," Miller was quoted by news agencies as saying at the World Gas Conference in Tokyo.

Liquefied natural gas is becoming "one of the major directions" for Gazprom, which is in talks to take part in the giant Sakhalin 2 LNG project led by Royal Dutch/Shell.

Talks with project partners will take place in Tokyo this week, Miller said. Gazprom plans to sell LNG to the United States.

Miller said Russia is looking at shipping liquefied gas to the United States from its fields on the Yamal peninsula and offshore in the Arctic. It is also looking to export to countries such as Japan and South Korea via pipelines.

However, Europe, where Gazprom has more than a quarter of the market, will remain the main focus, he said.

Looking West, the Russian monopoly's North-European pipeline project, which will pipe gas under the Baltic to Scandanavia and eastern England, will be finished by 2010, he said.

"For Russian gas, it is going to be a radically new export route to Europe directly connecting gas transportation networks of Russia with the all-European network,'' Bloomberg quoted Miller as saying.