(Interfax) - The era of cheap energy resources in the world has ended, Gazprom Chairman Alexei Miller said speaking at the 10th St. Petersburg Economic Forum on Tuesday.
"The world economy requires more and more energy. New economic centers have emerged, which are manifesting high industrial growth and increasing demand for energy. The prices for oil and gas are growing, and this is objective reality. The era of cheap energy resources is gone," Miller said.
"Competition for resources in the world is increasing. Companies from countries not possessing enough hydrocarbon resources to maintain their economic development have been engaging in this competition more and more actively," Miller said.
"Gazprom will make use of this situation to diversify its export markets, "Miller said. "We are holding commercial negotiations on selling gas to the largest Asian market - the Chinese one. These sales will begin after 2011," he said.