One of the most important tasks is to broaden the energy supply ... Energy determines today international security and social as well as economic development in many respects. In reality the wellbeing of millions of people is directly dependent in energy security.
Oil production, energy production are growing, though the latter has gone down by about 1 percent here, I believe... By the way, we occupy the first place in the world in gas export, accounting for 20 percent of the world market. We are also first in the sphere of liquid hydrocarbons export.
We are ready to build large underground gas storages in Turkey, to participate in the privatization of Turkey's gas-distribution networks, to use the existing and participate in the construction of new pipelines in order to supply our energy resources through Turkey to third countries, including in southern Europe
This issue is not economic but political. I hope that all market participants interested in maintaining stable and reasonable world energy prices will finally make the right decision.
Russia must realise its full potential in high-tech sectors such as modern energy technology, transport and communications, space and aircraft building.
Then there is another area of activity - economic interaction between Russia and the United States. Right now, for example, it has already been made public that we signed a large deal to privatise one of our biggest oil and gas companies, Rosneft. We know for sure that US companies, as well as Japanese ones, by the way, are keenly interested in cooperation in Russia's oil and gas sector, in joint work. This has immense significance for world energy markets and will directly affect the whole world economy.
The International Atomic Energy Agency is controlling this, the sanctions against Iran are lifted - but still the US are working on their missile defense system. What is the point of this?
We have wide-ranging joint projects in the nuclear energy sphere, logistics, machine building and trade as a whole [with China].
Concerning our possibilities on the international financial markets, the sanctions are severely harming Russia. But the biggest harm is currently caused by the decline of the prices for energy. We suffer dangerous revenue losses in our export of oil and gas, which we can partly compensate for elsewhere. But the whole thing also has a positive side: if you earn so many petrodollars - as we once did - that you can buy anything abroad, this slows down developments in your own country.
In the near future, despite the development of alternative energy, when you look at the economics and environmental standards, then there's no other source of primary energy in the world than natural gas. Well, perhaps there is nuclear energy but there are also a lot of issues there and there are opponents of nuclear energy. Gas doesn't have those opponents. But there is a country that is, obviously, the world leader in gas reserves. That's our country, the Russian Federation.
Sanctions have nothing to do with this [relations with the People's Republic of China]. The decline in our mutual trade has objective causes, which are the energy prices and the exchange rate difference. But the physical volumes have not decreased, quite the opposite actually. They are growing.
I would like to draw attention to the fact that we have gone from pure trade [with China] in traditional goods [energy resources, such as hydrocarbons, oil and now natural gas, petrochemicals on the one hand and textiles and footwear on the other] to a whole new level of economic cooperation. For example, we are working together on space programmes. Moreover, we are developing and soon will begin the production of a heavy helicopter. We are now tracing the plan for the creation of a wide-body long-range aircraft.
Russia and China also cooperate in mechanical engineering, high-speed railway transportation, lumber processing, nuclear energy production and so on. We have built the Tianwan Nuclear Power Plant. Two units are already operational and are showing good results.
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