05.07.2009

Gazprom, largest natural gas company in the world, intends entering the LNG field, in which it has hitherto not been involved until 2009. Gazprom’s goal is to produce 90 million tons of LNG by 2030 or 25% of world production by that date. Gazprom intends investing 65 billion dollars by this date. It is believed that most of the supplies for its LNG projects will be sourced from two fields in which Gazprom is a partner with other international companies: Shtokman and Sakhalin-2. Russia’s move to control 25% of the world’s LNG market by 2025 is fuelled by the Shtokmanovskoye and Sakhalin-2 LNG projects, as total output is earmarked to reach 49.9-73.3 million tons per year. Russia’s first LNG plant was completed in October 2008. In February 2009 Russia opened its first LNG plant to supply LNG to Asia and the West Coast of the US. The LNG plant is part of the Sakhalin II development >

Gina Cohen
Natural Gas Expert
Phone:
972-54-4203480
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