Gazprom’s LNG sales climbing

Russian gas giant Gazprom informed that over the first six months of this year it sold 22 LNG cargoes with the total volume exceeding 1.5 million tons. 

According to a company report, this is an increase of 17 percent compared to the same period in 2014.

Gazprom noted a growth in demand in markets such as China, India and Southeastern Asia with the emergence of new LNG importers.

The state-owned company said it has increased the number of deals, thanks to a rise in LNG volumes being purchased through the settled contracts, as well as to spot and swap deals.

With a view to expand its own LNG production, Gazprom is implementing the project for constructing the third process train within Sakhalin II adding up to 5.4 million tons per year of capacity, as well as the Baltic LNG project that has a planned production capacity 10 million tons per year.

Gazprom added it is also looking to increase the company’s market share through the expansion of its low-tonnage LNG facilities.

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LNG World News Staff; Image: Gazprom

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