Russia aims for 15% of global LNG market by 2025

OILPRICE | Ongoing development of new liquefied natural gas (LNG) projects in Russia will allow it to seize a 15-percent share of the global LNG market, Russian Energy Minister Alexander Novak wrote in an article in the Russian magazine Energy Policy.  


Since Russia began LNG exports in 2009 with the Sakhalin-2 project, its exports of LNG have increased 4.5 times, Novak said.  


While Russian gas export monopoly, Gazprom, has been busy launching new pipelines east and west – the Power of Siberia to China and TurkStream to Turkey – Russia’s largest private gas producer Novatek is boosting its presence on the global LNG market.


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