Sanctions Delay Russia’s Plan to Triple LNG Output, Novak Says

Russia’s ambitions to triple its annual liquefied gas production have been pushed back by several years amid international sanctions, according to Deputy Prime Minister Alexander Novak.

“Our task has been to reach 100 million tons” per year of LNG output, Novak said in an interview to a state TV channel published Thursday. “Clearly, due to sanctions restrictions, there will be a delay of some years” in achieving this target, he said, without providing a deadline.