Analysis: Gazprom is not able to meet Japan’s gas need unlike its competitors

After the accident at the nuclear station Fukushima-1 Japan seriously thinks about turning away from nuclear power. Yesterday the Prime Minister of Japan N. Kan said that Japan would have to work out a new energy policy and gradually lower the production capacities of nuclear power stations, The Japan Times reports. It gives an opportunity for Gazprom to raise supplies to the country, RBK daily writes.
The analyst of IFD Capital V. Kryukov highly estimates the chances of Gazprom to sign contracts on LNG supply with Japan. According to him, the deals with the Japanese companies are most likely to be executed on the basis of the exchange of assets. He doesn’t exclude the attraction of the Japanese companies to participation in such projects of Gazprom, as for example, in the geological exploration at the Eastern shelf and the construction of new LNG production capacities.
The expert of Troika Dialog V. Nesterov is less positive. He thinks that Gazprom at the present time is not able to meet Japan’s gas need unlike its competitors. Among them are Novatek, Lukoil (develops the Bolshekhetsky hollow in the area of Nakhodka) and Rosneft (develops the Khampur deposit in the Yamal Nenets Autonomous Area). According to the expert, with successful realization of all projects of these companies, their total production will rise from 60 bln to about 150 bln cubic meters of gas by 2018-2020. Anyway without Gazprom they won’t be able to export this gas. 

http://www.oilru.com/news/266365/
Translated by Galiya Davletgareeva