Russia plans to at least double its oil and gas flows to? Asia? over the next 20 years, a draft of its energy strategy showed on Friday, part of a pivot away from export routes to Europe.
Russia's energy sector is undergoing a dramatic transformation, with oil flows being redirected to? Asia via the? East Siberia-Pacific Ocean pipeline? and the gas sector boosted by a partial end of Gazprom's export monopoly.
In a document published on its website, the? Energy Ministry? said one of the country's goals was to diversify its exports, with the share of oil and oil products sent to? Asia? doubling to 23 percent by 2035.
By then,? Russia? aims to ship a total 32 percent of its oil to? Asia, the? Energy Ministry? said, with gas rising to 31 percent from 6 percent.? Europe? is now? Russia's main gas export market.
Russia? sent about 16 percent of its total oil exports to? Asia? last year and is exporting gas to? Asia? only from the? Sakhalin-2 LNG plant, which has total annual capacity of 10 million tons.
"Energy markets in? Europe? and the Commonwealth of Independent States will remain major export markets for Russian energy goods but export volumes after 2015 will decline to stay at 95 percent of 2010 levels by [2035]," the document said.
A ministry spokeswoman said Friday that the document was a draft and a final version was expected to be published and approved later this year.
State-owned energy company Rosneft, which became the world's top listed oil producer by output last year, is leading the shift eastwards, preparing to triple oil exports to? China? in coming years to more than 1 million barrels per day.
Along with Novatek, both are eyeing fast-growing Asian markets to ship super-cooled gas close to the end of this decade, after the government limited state-owned Gazprom's control over gas exports to those sent via pipelines.
Russia? is now pumping oil near capacity of about 10.5 million bpd and a rapid increase is unlikely until the production of tight oil starts. The process will need at least five years, officials and analysts say.
Officials have said that increased exports to? Asia? will not hurt European clients because of new fields will come on stream in coming years.
Russian oil exports declined by 2.5 percent to 228.5 million tons in 2013, according to? Energy Ministry? data, falling further to 225 million tons, or 4.5 million bpd, this year due to refinery upgrades.
The document also showed that? Russia? plans to cut heavy oil export to 20 million tons in 2035 from 57 million tons in 2010 and increase shipments of motor fuels to 58 million tons from 44 million tons.
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