(For other news from the Reuters Russia Investment Summit,click on http://www.reuters.com/summit/russia16)
By Oksana Kobzeva, Olesya Astakhova and Katya Golubkova
MOSCOW, Sept 15 (Reuters) - Russia's Gazprom plansto use only its own natural gas for the Power of Siberiapipeline to China and sees no need to buy gas from domesticrivals, Gazprom Deputy CEO Alexander Medvedev said on Thursday.
Since western powers imposed sanctions on Russia in 2014,Moscow is actively turning eastwards. Gazprom's domestic peerssuch as state oil company Rosneft are lobbying foraccess to the Power of Siberia.
"Our assumption is that Power of Siberia will be supplied bygas from our fields. We see no need (to buy gas from others),"Medvedev told the Reuters Russia Investment Summit.
Gazprom is building the pipeline and developing the fieldsneeded to feed the route at a total cost of $55 billion.
Gazprom plans to supply China with 38 billion cubic metresof gas per year over 30 years, to start in 2019.
In a sign of a growing rivalry over the eastern route, little-known UDS Energy last month beat Rosneft, Surgutneftegas,Novatek and the Fund Energy of ex-energy minister Igor Yusufov,among others, for a field close to the pipeline in Russia'sYakutia region.
LNG PLANS
The United States, Qatar and Australia are all expandingliquefied natural gas (LNG) operations while Russia still holdsless than 5 percent of the global market, running the sole LNGplant at the Pacific island of Sakhalin.
Medvedev said that as the gas market is becoming moreglobal, the number of swap deals will only increase. "I do notexclude that Gazprom will be a part of these swap operations,including with U.S. suppliers," he said.
Gazprom plans to add a third production line at Sakhalin-2LNG plant - a plan Medvedev said was unchanged - which wouldallow Russia to increase its share globally.
To add the capacity to Sakhalin-2, currently at 10 milliontonnes of LNG per year, Gazprom plans to use theYuzhno-Kirinskoye field - under U.S. sanctions - as one of thesources.
Shell may get a stake in the field as a part ofswap deal with Gazprom. Medvedev said that Gazprom had not yetchoosen which assets it wanted under its deal with Shell.
Asked if Gazprom needs a partner to develop the field,Medvedev said that there was no such equipment being produced inRussia, but, "this does not mean it won't be produced tomorrow."
Follow Reuters Summits on Twitter @Reuters_Summits (Additional reporting by Andrey Kuzmin, Alexander Yershov,Anastasia Lyrchikova, Denis Pinchuk and Christian Lowe; Editingby Dale Hudson and Andrew Heavens)
