Russian state oil firm Rosneft may use its gas reserves to produce liquid fuel if it cannot agree terms for using the pipeline network of gas export monopoly Gazprom, a senior executive said.

'We are evaluating other options to monetise that gas, including gas-to-liquids or power generating capacity to meet our own power needs,' Peter O'Brien, Rosneft vice- president for finance, told a UBS conference in Moscow.
Gas-to-liquids (GTL) projects tend to cost billions of dollars. Gazprom and Royal Dutch Shell are in talks  about a possible Russian GTL plant which would cost $7-8 billion.
Rosneft already has access to Gazprom's Unified Gas Supply System (UGSS) pipe-line network.