Date: 5 months ago   Category: Energy

Novak: Russia is ready to provide 40% of new demand for LNG in the world — Rambler News Service


Russia is ready to provide 40% of new demand for the liquefied natural gas (LNG) in the world, the Minister of Energy of the Russian Federation Alexander Novak has reported during the meeting of the Government. According to Novak, by 2035 global demand for LNG will double and will make about 600 million tons. At the same time China and India will cover more than 50% of demand for LNG. "Russia can provide up to 40% of this new demand. Our projects have necessary competitive advantages" — the minister has told. He has noted that in recent years the number of consuming countries of LNG has grown with 17 to 40. Novak has added that till 2025 in Russia three LNG projects will be started: "Arktik of LNG 2", "the Baltic LNG" and expansion of LNG production in the Far East. Total power of these projects will be 41,2 million tons per year. "It will allow to increase a share of Russia in the market of LNG to 15% by 2025", - the Energy Minister has emphasized.

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