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Russia to explore influence of LNG exports on pipeline gas supplies in 2018

According to Energy Minister Alexander Novak, Russia can expand its share on the global LNG market from the current 4-5% to 15-20% by 2035

MOSCOW, April 18. /TASS/. The energy ministry will analyze the influence of export deliveries of Russia’s liquefied natural gas (LNG) on pipeline gas supplies throughout the year, First Deputy Energy Minister Aleksei Texler said Wednesday, adding that this would enable the ministry to draft proposals to avoid competition between exports of LNG and piped gas.

"Of course, we will analyze the structure of supplies. As four months have passed since the launch of the first line (of LNG plant in Yamal - TASS) we will analyze the situation throughout the year and draft related proposals in the course of this analysis," he said when asked whether the necessity to prepare proposals to avoid competition between LNG and piped gas exports is on the agenda.

Read also

Putin sees Russia becoming world’s largest LNG producer

Currently two LNG plants operate in Russia. Sakhalin Energy is the operator of the Sakhalin-2 LNG production project. Prior to the launch of Novatek’s Yamal LNG in December 2017, it was the only LNG plant in the country.

According to Energy Minister Alexander Novak, Russia can expand its share on the global LNG market from the current 4-5% to 15-20% by 2035.

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