Rosneft Plans More Arctic Exploration to Boost Share Value
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OAO Rosneft said a plan to step up Arctic exploration will help increase shareholder value at the same time the world’s largest publicly traded oil producer starts exporting liquefied natural gas.
Rosneft will export its first LNG from a planned Far East project in 2018. The producer, which is seeking to double gas output by 2020, is targeting clients in Asia, where prices for the fuel are higher.