Novak spoke about plans to take 20% of the global LNG market
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Russia should occupy 20% of the world liquefied natural gas (LNG) market. This was stated by Deputy Prime Minister Alexander Novak during a speech at the “Knowledge” society lecture at the “Russia” forum and exhibition.
“Today, we account for approximately 8% of the total production of liquefied natural gas in the world. We have set a goal to reach the level of 20% of the total production and consumption of LNG in the world,” he said, without specifying when this goal should be realized.
Novak noted that to achieve this goal, several projects are being implemented, including the construction of the Arctic LNG-2 plant in the Yamalo-Nenets Autonomous Okrug. Currently, there are two large-scale LNG production plants in Russia: Yamal LNG (design capacity – 16.5 million tons per year) Novatek andSakhalin-2“(9.6 million tons), in which Gazprom has control.
Earlier about plans to occupy a third of the world market by 2035. stated On October 31, at the St. Petersburg International Gas Forum (SPIGF-2023), First Deputy Minister of Energy Pavel Sorokin. According to the official, such plans are being considered in the preparation of Russia’s Energy Strategy for the period up to 2050.
According to the current energy strategy of Russia until 2035, LNG production in the country should reach 100 million tons by 2030, and 140 million tons by 2035. According to Rosstat, in 2022, Russian companies increased LNG production to 32.5 million tons
Arctic LNG 2 is a Novatek project for the extraction of natural gas and the production of liquefied natural gas on the Gydan Peninsula, on the other side of the Ob Bay of the Kara Sea from Yamal. The project involves the development of the Utrenneye field on the peninsula and the construction of a liquefied natural gas plant at the Utrenneye terminal in the Gulf of Ob. Russian President Vladimir Putin launched the first stage in July 2023. The launch of the second stage of Arctic LNG-2 is planned for 2024, and the third in 2026.
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