Moscow interested in restoring ties with EURussian Politics & Diplomacy April 24, 11:51
Russia ready to build up friendly relations with France — KremlinRussian Politics & Diplomacy April 24, 11:47
Poll shows most Russians support cancellation of Eurovision broadcastSociety & Culture April 24, 11:32
Erdogan hopes to discuss contract on S-400 missile systems with PutinMilitary & Defense April 24, 11:04
Lugansk Republic hands over body of observer killed in land mine blast to OSCEWorld April 24, 9:39
How Arctic residents adapt to global warmingScience & Space April 24, 9:32
Price tag to reconstruct two Arctic airports nearly $5 mlnBusiness & Economy April 24, 8:54
Emmanuel Macron and Marine Le Pen to face each other in runoffWorld April 24, 8:13
Danish defense minister accuses Russians of hacking into his staff’s emailsWorld April 24, 7:50
BERLIN, June 23. /TASS/. LNG trade may surpass natural gas trade by 2035 while competition on Europe’s gas market may strengthen, Vice President of BP-Russia Vladimir Drebentsov said Thursday.
"By 2035 LNG trade will surpass natural gas trade. From the viewpoint of cooperation between Russia and Europe this may be viewed as a signal that competition will be principally different," he said.
According to Drebentsov, in 2016-2017 more than 90 bln cubic meters of LNG (liquefied natural gas) will emerge on the market and LNG supplies will surge five-fold within the next five years.
"This volume will get to the market in any case as a result of investment decisions made earlier," he added.