Russia entered the global race for the LNG market

Today, almost 40% of global gas trade is accounted for by LNG (liquefied natural gas), which indicates the rapid development of this market. Moreover, according to the forecasts of the largest analysts, its share will increase to 2040% by the 60 of the year. This, in turn, will reduce the role of pipeline gas, the main supplier of which is Russia.




If earlier Russia actually ignored the existence of the liquefied natural gas market, now trends are taken into account, conclusions are drawn.

The United States is believed to be a major player in the global liquefied natural gas market. However, this is not true, since Europe is purchasing large quantities of African and Middle Eastern LNG in bulk, and our country is rapidly increasing its own capacity to liquefy gas, which is an important export commodity.

I must admit that so far the share of Russia in the global LNG production is very small, but now we are actively working to ensure that about a quarter of the global LNG market belongs to us. What has already been done by our country in this direction? How can the construction of LNG plants affect the entire Russian economy? Why in the race for "liquid gold" Russia has no right to make a mistake? Watch the next issue, “Time is Forward!” About how Russia entered the global race for the LNG market.

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