US sanctions have become
and remain a significant obstacle to russia's plans to compensate for
the decline in pipeline gas exports to Europe by increasing exports by sea.
of liquefied natural gas by sea. Writes Reuters, reports UNN.
Details
As the world's fourth largest producer of liquefied natural gas
As the world's fourth largest producer of liquefied natural gas after the United States, Qatar and Australia, russia
intends to significantly increase its share of the global market.
about 20% of the market, although it currently holds about 8%. To do this, it needs to
triple production to 100 million metric tons in the next decade.
US suggests G7 explore ways to confiscate $300bn worth of Russian assets. - FTDecember 28 2023, 10:17 AM • 99802 views
Due to sanctions, russia has redirected
oil exports from Western Europe to China and India. However, the impact of restrictive
sanctions on the LNG market is more significant due to the relatively small number of
of tankers that can transport LNG and russia's lack of access to
technology and finance.
russia's efforts to
to redirect gas sales to China through the "power of siberia 2" have not yet
been successful so far. At the same time, the Arctic LNG 2 project, which is controlled by novatek,
is facing problems due to sanctions. This was reported to the publication by three industry
industry sources. They clarified that commercial LNG supplies from this project are expected
not earlier than the second quarter of 2024 or later. Although novatek predicted
that they would start in the first quarter.
A blow to the LNG industry in Russia: foreign shareholders of the Arctic LNG-2 project suspend participation, canceling contractsDecember 25 2023, 08:51 AM • 31463 views