Russia Seeks to Secure 20% Share in Global LNG Market - Energy Minister
Russia is planning to boost the production of liquefied natural gas (LNG) securing a 20-percent share in the global market and producing up to 80-90 million tons of LNG per year, Russian Energy Minister Alexander Novak said on Wednesday.
MOSCOW (Pakistan Point News / Sputnik - 03rd October, 2018) Russia is planning to boost the production of liquefied natural gas (LNG) securing a 20-percent share in the global market and producing up to 80-90 million tons of LNG per year, Russian Energy Minister Alexander Novak said on Wednesday.
"We intend to develop the production of liquefied natural gas in Russia. Last year, Russia's share in the global market was at 4 percent ... We set the goal to reach the LNG market share of about 20 percent and increase LNG production in Russia up to 80-90 million tons," Novak told reporters on the sidelines of the Russian Energy Week forum.