China was among the first partners Russia turned to for key energy equipment banned under Western sanctions, Prime Minister Dmitry Medvedev told a CNBC interview.
Under the existing
Western sanctions, Russia’s state-run and private oil and gas
companies – including Gazprom, Rosneft, Transneft, and Lukoil –
can no longer obtain US or EU technology or equipment for
extracting deep water, Arctic, or shale oil.
READ MORE: US extends Russia sanctions, targets
biggest lender Sberbank gas giant Gazprom
“Frankly, after certain decisions were taken (some of them
were public and others were not), our largest energy companies
started talks with equipment producers in other regions,
including China, which produces equipment for energy companies,
including pipe-layers and other complicated systems. Of course,
we can achieve our goals in cooperation with them [Chinese
partners],” Medvedev said in an interview to CNBC.
Medvedev said that while Russia doesn’t want to destroy its
relationship with the United States or Europe, the country had no
other choice but to negotiate with other countries.
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Western sanctions were a “serious signal” for Russia’s
energy companies and the country “had to take certain
decisions,” the prime minister stated.
“…We need to implement our projects, including offshore
projects, and to develop gas fields. As such, we’ll have to
reorient towards other producers,” Medvedev said.
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MORE: Russia and China may agree on Western gas pipeline in 2015
– Medvedev
Article source: http://rt.com/business/196340-russia-china-energy-equipment/
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