Russia could be producing as much LNG as world’s top LNG producer Qatar within 10 years as its state and private companies speed up projects, Reuters cited Leonid Mikhelson, chief executive and co-owner of Novatek, as saying.
“ In Russia, we have LNG projects being developed by us, Gazprom and Rosneft. It would be a mistake to think that all these projects will be competing with each other ,” Mikhelson said.
“ Given the expansion of LNG markets, Russia could have twice as many projects as it has today and those volumes would still find their customers. On a 10-year horizon, Russia simply must build up to 80 million tonnes of LNG capacity ,” he added.
Novatek is the operator of the Yamal LNG project, one of Russia’s largest resource projects. As part of this project, a major integrated complex for the liquefaction of natural gas will be built that will have a design production capacity of 16.5 million tons per annum. The three process trains that will make up this complex will have an annual production output of 5.5 million tons each, and are planned to be commissioned in 2016, 2017, and 2018.
[mappress] LNG World News Staff, January 27, 2014; Image: Novatek