GENERICO.ruЭкономикаSechin presented a roadmap to improve energy efficiency

Sechin presented a roadmap to improve energy efficiency

St. Petersburg, 17 June. Rosneft CEO Igor Sechin, concluding his report at the Energy Panel at SPIEF, presented a roadmap to improve the efficiency of the Russian energy sector and provide industry and household consumers with cheap and affordable energy.
“In conclusion, we would like to show our partners and colleagues our thoughts on the roadmap, the implementation of which would increase the efficiency of the Russian energy sector, provide industry and household consumers with cheap and affordable energy,” Sechin said, stressing that this is a corporate vision and proposals are debatable.
«I think that the leadership of the Ministry of Energy and the Ministry of Finance, present in the hall, will pay attention to this. And the format of the forum, taking into account the previously voiced reservation and discussion nature, allows this to be done,» he added.

In particular, Sechin proposed the creation of an international payment and settlement system that would be independent of «toxic» currencies. Also, in his opinion, it is necessary to develop insurance and logistics systems in the fuel and energy complex. This will require not only the support of the Central Bank, but also the active involvement of the market participants themselves.
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The head of Rosneft noted that the high cost of borrowing is the main brake on industrial development. «It is necessary to reorient the banking system towards lending to the economy, of course, with effective control of inflationary processes,» he said.

In addition, Sechin believes that projects in the electric power industry built with the involvement of budgetary funds should not be implemented under a capacity supply agreement (CDA). The CSA guarantees the investor that for the capacity from the generating facility built by him under this agreement, he will receive a guaranteed increased capacity fee for a certain period of time.
Finally, the reduction of tax revenues to the Russian budget by the gas industry should not affect oil companies, Sechin said. The response to the closure of the EU market for Russian gas should be the development of the domestic market, including gasification.
The St. Petersburg International Economic Forum (SPIEF) takes place on June 14-17. is a media partner and host photo agency of the forum.
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