Russia LNG Ambitions Advance With Plans for Remotest Regions
- Aims for 20% of global market by 2035, from 8% last year
- Novatek FIDs Arctic LNG 2, Rosneft announces De-Kastri plant
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Russia took a step closer to becoming a dominant player in the global liquefied natural gas market as two of its biggest energy companies advanced plans to export the fuel from its remotest corners.
Rosneft PJSC, Russia’s top oil company, said Thursday it plans together with its partners in the Sakhalin 1 project to build an LNG export plant in the far eastern port city of De-Kastri. Meanwhile Novatek PJSC, the country’s largest LNG producer, made a final investment decision on its $21 billion Arctic LNG 2 plant on the Gulf of Ob.