Currently, in Russia, only 50-60% of the port capacity for energy exports is used
Russia currently faces overcapacity of ports for export of energy resources as they are only used by 50-60%, Energy Minister Sergey Tsivilyov said in an interview with TASS at the Eastern Economic Forum (EEF), adding that before constructing new ports the country will address the issue of efficient use of existing ones.
“In the current conditions we should first of all solve the issue of efficient use of port infrastructure that has already been created, which is used by 50-60% of its real capacity now due to a number of reasons,” he said when asked whether there are plans to construct new ports for export of energy resources.
The Eastern Economic Forum took place on the campus of the Far Eastern Federal University in Vladivostok on September 3-6. The main theme of the EEF this year was ‘Far East 2030. Combining strengths to create new potential’.
The EEF is one of the largest international conferences in Russia. It has been held in the Primorsky Region’s Russky Island in Vladivostok since 2015. The forum’s objectives and goals include promoting the accelerated growth of Russia’s Far East region; assessing its potential for exports; expanding international cooperation in the Asia-Pacific Region; showcasing the investment appeal of the region, its steadily progressing territories, and the Vladivostok free port.
The Roscongress Foundation has served as the Forum’s organizer since 2016. TASS is the general information partner of the EEF.
Source: Tass
