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Russia’s Answer To The U.S. Shale Threat Is Finally Here
By Simon Watkins - Feb 24, 2021, 4:00 PM CST
First output is now being produced by Russia’s number two gas producer (after state-owned Gazprom) – Novatek - from its much-awaited fourth train at the Yamal LNG project, according to a number of Moscow-based oil and gas analysts spoken to exclusively by
OilPrice.com last week. It is ‘highly likely’, they add, that the first full cargo from the 900,000 metric ton per annum (mtpa) LNG plant will be loaded on to a tanker within the next six months at most, and possibly even by the end of the second quarter of this year. The fourth train coming fully online will herald the full return of Yamal LNG into Russia’s Arctic gas initiative that President Vladimir Putin personally regards as a cornerstone projection of Russian energy power across the globe in the same way that the U.S. regards its shale energy sector.