Russia s grand LNG designs [Gas in Transition]
Apr 26, 2021 7:15:am
Summary Russia wants to grab a greater slice of the Asian LNG market, and is wary of rising competition. [Gas in Transition, Volume 1, Issue 1]
by: Joseph Murphy
Russia s government approved a long-term roadmap in March for building up its LNG export industry, setting its sights on a 20% share of the global market for the super-cooled gas by 2035. But how many of these projects are realised will depend greatly on how much support Moscow is willing and able to afford them.
The pandemic and accelerating decarbonisation efforts have led forecasters to dramatically alter their assumptions for long-term global oil demand. But the consensus is that the outlook for gas consumption remains robust, with growth driven by soaring use in Asia and in other areas.