Russia’s LNG ambitions
costs to carve out a 20% share of the global LNG market by 2035, and these supplies will enable
R
ussia is targeting up to a 20% share of the global LNG market by 2035, under a longterm roadmap strategy approved by the
government in March. The country is banking on a raft of new liquefaction projects to achieve this goal, as well as bullish demand for gas in Asian markets in the
Asian economies to decarbonise by
years to come.
switching from coal to gas
accelerating pace of the energy transition have cast
The coronavirus (COVID-19) pandemic and the doubt on the long-term outlook for oil demand. But
JOSEPH MURPHY
38
G L O B A L VO I C E O F G A S
the consensus is that natural gas consumption will
JUNE 2021
PHOTO: NOVATEK
Russia wants to leverage its low
