Misperception stands in the way of oil and gas industry development. A lot will depend on fiscal regime, governments’ attitudes and public opinion.
There is a large demand for liquefied natural gas, and we must respond to this demand. We’re setting ourselves the target of boosting construction of liquefied gas production plants. We estimate that by 2020 the total amount of liquefied gas from Russia may increase to 35–40 million tonnes.
By using differentiated taxation we should be able to create the economic conditions for the profitable extraction of oil stocks that are difficult to recover. It’s a matter of discounts for the extraction of mineral resources that are difficult to recover. Calculating mineral extraction tax including these discounts provides the opportunity to make it profitable to extract and bring on stream additional reserves of approximately 2 billion tonnes. That is a real tax revolution.
Every serious nuclear power project consists of not only creating a generating facility, but also an entire industry which embraces R&D, the training of specialists, relevant regulations and new technologies. This is a major contribution to the future of the country.