Development of LNG Industry is a Long Term Goal for Russia's Natural Gas Sector

17 april 2019 | Rossiyskaya Gazeta

Further development of the LNG industry is one of the long term goals for Russia's natural gas industry, Alexander Amiragyan, Deputy Head of the Department for Fuel, Energy and Housing Utilities of the Analytical Center, in an interview for the Rossiyskaya Gazeta.

Alexander Amiragyan
Alexander Amiragyan
Department for Fuel and Energy Sector

"This will allow us to diversify our natural gas exports and reduce natural gas transit risks for pipeline based deliveries while developing domestic technologies in the production and transportation of LNG and accessing new natural gas deposits in remote areas, such as the Arctic. The implementation of the planned LNG projects in Russia can expand the country's LNG capacity by a factor of 2.5 by 2025," the expert believes.

The Rossiyskaya Gazeta writes that the Arctic has a lot of extractable carbon deposits: in terms of deposits of oil and gas condensate, the Arctic contains about a fourth of Russia's total carbon deposits and about 72% of its natural gas deposits, while the share of Russia in the global LNG market is about 4%. However, by 2035 Russia plans to hold a global share of up to 20% in the LNG market. The first steps have already been made towards that goal. Thus, in 2018 Russian LNG for the first time began to be supplied en masse to Western Europe. Increasing exports of LNG by 70% in 2018 helped launch Russia's second Yamal LNG plant, from which LNG is delivered via the Northern Sea Route. France, the Netherlands, the United Kingdom and several other European countries have become new consumers of Russian LNG.

For more details see the Rossiyskaya Gazeta

See also:

08.04.19 – Russia to Supply a Lion's Share of China's Natural Gas Imports