Putin’s Global Gas Plan Falters as Gazprom Dithers on LNG
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Prime Minister Vladimir Putin’s plan to make Russia a global supplier of natural gas is being undermined by OAO Gazprom’s project delays as Australia wins China contracts and U.S. supply surges.
Gazprom has put off investment decisions for liquefied natural gas projects, such as its Arctic Shtokman field. It has spent six years and counting to ponder an expansion to the $22 billion Sakhalin-2 project, Russia’s first LNG plant that started up last year.