* Russia currently pumps 10.7 mln bpd of oil
* Sechin sees 14 mln bpd as 20 year goal
* Russian energy firms resistant to low oil prices due toweak rouble
* Russia aims to boost ties with Asia (Adds details, quotes, background, wrap other stories)
By Katya Golubkova
VLADIVOSTOK, Russia, Sept 4 (Reuters) - Russia couldincrease its oil output by a third to over 14 million barrelsper day (bpd) in the next two decades, it's most powerful oilexecutive said as Moscow targets growing Asian markets.
Russia is already the world's top oil producer, steadilypumping near its post-Soviet highs of 10.7 million bpd thanks tothe weak rouble which offsets the impact of low oil prices byreducing production costs.
A proposed increase in Russia's oil production signalsMoscow would not act to support falling prices, a stance similarto OPEC, in a move to defend its market share.
"Our position is that Russian annual oil production in thefuture may reach 700 million tonnes (14 mln bpd) and higher,"Igor Sechin, Chief Executive of the world's top listed oil firmby output, Rosneft, told the Eastern Economic Forum.
To reach the goal and beat Soviet records of over 11 millionbpd reached in late 1980s Russia needs to increase explorationdrilling, boost hard-to-extract resources and speed updevelopment of Arctic offshore, Sechin said.
Russia's rapid turn to Asia comes at a time when ties withthe West are at their lowest point since the Cold War because ofthe conflict in Ukraine. Russia is under sanctions, which alsoban western firms from helping to tap Arctic offshore and shaleoil resources.
Russia plans to at least double its oil and gas flows toAsia over the next 20 years, sending at least a third of its oiland a third of its gas eastwards by then.
That is a swing away from traditional westward routes thatdate back to Soviet times when Europe was the only marketcapable of absorbing Russian energy.
Sechin said Russia can boost gas exports to China to as muchas 300 billion cubic metres a year. Now, gas is being exportedonly by sea from the Sakhalin-2 LNG plant, in the Pacific.
China got 0.2 billion cubic metres of gas from Russia lastyear, in a form of LNG, according to BP data. Pipeline gasshould reach China by the next decade, according to Gazprom plans.
"This means that a powerful energy bridge between Russia andAsia-Pacific region is really possible. The question is ininvestments... and adequate oil prices," Sechin said.
Wang Yilin, board chairman at CNPC, to which Rosneft shipsover 15 million tonnes of oil annually via one of the routes, aspur of East Siberia-Pacific Ocean pipeline, told reporters thatwork was ongoing to increase imports.
"We will cooperate with Rosneft on this (crude oil suppliesincrease). We are good friends with Sechin," he said.
The only top-profile western guest at the forum was thechief executive of Royal Dutch Shell, Ben van Beurden,who met Gazprom CEO Alexei Miller and discussed expansion ofSakhalin-2, Russia's sole LNG plant.
WEAKER OIL? EVEN BETTER
Current oil prices of around $50 per barrel are in line withinvestment forecasts for Russia's largest producers like Surgut, Russia's No.4 biggest by output.
Sechin said that production costs for Russia's largestoperating fields were down to around $3 per barrel now, thanksto the weak rouble, from $7-5 over the past couple of years andare now comparable to those in the Gulf, one of the world'scheapest locations for extracting oil.
Russian President Vladimir Putin said on Friday he sawnothing dramatic in declining oil prices and that theirfluctuations had been expected.
Putin met his Venezuelan counterpart this week. The twocountries did not reach agreement on measures to support globaloil prices, Russian Energy Minister Alexander Novak said onFriday, calling a level of $50-70 per barrel a fair price. (Reporting by Katya Golubkova; additional reporting by LidiaKelly and Denis Dyomkin; Editing by Christian Lowe and ElaineHardcastle)