Russia expects to win big from rapidly expanding LNG market
RT | February 24, 2021
Global liquefied natural gas (LNG) is set to grow in the next three decades and will outpace the share of pipeline gas supplies, Russian Deputy Prime Minister Alexander Novak believes.
“What the market and analysts definitely agree on is that the LNG market will at least double by 2050,” Novak, who previously served as Russia’s energy minister, told the Gas Exporting Countries Forum (GECF) on Wednesday.
Gas is the most promising and environmentally friendly type of hydrocarbon fuel, according to the deputy PM. Given that Russia boasts one of the largest gas reserves, the growth of the LNG market opens up even more prospects for the country.
Russia is the fourth largest global LNG exporter. Last year, it boosted LNG production by over three percent to 30.5 million tons, while in 2019 its LNG output surged over 47 percent. Novak says that the country aims to increase its annual LNG production to 120-140 million tons by 2035, amounting to around a fifth of the forecasted global LNG production.
Most of Russia’s LNG comes from the Yamal LNG project, majority owned and operated by the country’s biggest privately owned natural gas producer, Novatek. There are several other projects that can help to further boost Russian LNG exports, including the Arctic LNG 2 project, the first line of which is set to be launched in 2023.
5 Comments »
Leave a reply to roberthstiver Cancel reply
Featured Video
Israel’s diamond industry is dying. That’s a billion-dollar problem for the IDF.
or go to
Aletho News Archives – Video-Images
From the Archives
9/11 and the Zionist Question: Is Noam Chomsky a Disinfo Agent for Israel? (Part 2)
The Kevin Barrett-Noam Chomsky Dispute in Historical Perspective
Prof. Tony Hall | American Herald Tribune | July 14, 2016
… Chomsky in discouraging skeptical investigation of 9/11 reveals himself to be a Trojan horse that has succeeded in subverting the Left from within. … Read full article
Blog Roll
Recent Comments
Bill Francis on Victoria Moves to Force Online… papasha408 on The Empire of Lies: How the BB… loongtip on US Weighs Port Restrictions on… Bill Francis on Chris Minns Defends NSW “Hate… Sheree Sheree on I was canceled by three newspa… Richard Ong on Czech–Slovak alignment signals… John Edward Kendrick on Colonel Jacques Baud & Nat… eddieb on Villains of Judea: Ronald Laud… rezjiekc on Substack Imposes Digital ID Ch… loongtip on US strikes three vessels in Ea… eddieb on An Avoidable Disaster Steve Jones on For Israel, The Terrorist Atta…
Aletho News- Israel’s diamond industry is going extinct. That’s a billion-dollar problem for the IDF.
- Iran says no basis for inspection of bombed nuclear sites
- How reporting facts can now land you in jail for 14 years as a terrorist
- Bill Gates, Pfizer CEO Albert Bourla Ordered to Testify in Dutch COVID Vaccine Injury Lawsuit
- The vindication (and brutal punishment) of Dr. Reiner Fuellmich
- US Department of State Discloses Names of 5 Europeans Sanctioned for Censorship Against US
- The Epstein Saga: Chapter 1, Mr. Clinton
- Bill Clinton is in the frame again, but this time it’s Trump who put him there
- US Navy effectively becomes a tool of modern piracy
- EU Morphing Into Its Own Worst Enemy – Viktor Orban
- If Americans Knew
- Palestinian Christians offer “Kairos,” an alternative Christmas Day sermon – Not a Ceasefire Day 76
- The Faces of AIPAC: the largest pro-Israel lobbying org in the US
- Gazan Christians mark 3rd Christmas under genocide – Not a Ceasefire Day 75
- Israeli scams children with cancer out of millions fundraised for their treatment, BBC finds
- Casey Kennedy Fired from AG Scientific Amid Zionist Troll Campaign Over Track AIPAC Work
- The Hasmoneans: The Jewish Dynasty That Gave Us Hanukkah Is a Symbol of Murder, Not Heroism and Hope
- Int’l NGOs may be blocked from Gaza starting Jan. 1 – Not a Ceasefire Day 74
- From Churches to ChatGPT: Israeli Contracts Worth Millions Aim to Influence U.S. Public Opinion
- Who is the Pro-Israel Clique behind TikTok’s US Takeover?
- Medical Crisis in UK Prisons – 800 Doctors Warn of ‘Imminent Deaths’ Among Palestine Action Strikers
- No Tricks Zone
- Meteorologist Dr. Ryan Maue Warns “Germany Won’t Make It” If Winter Turns Severe
- Merry Christmas Everybody!
- Two More New Studies Show The Southern Ocean And Antarctica Were Warmer In The 1970s
- Der Spiegel Caught Making Up Reports About Conservative America (Again)
- New Study: 8000 Years Ago Relative Sea Level Was 30 Meters Higher Than Today Across East Antarctica
- The Wind Energy Paradox: “Why More Wind Turbines Don’t Always Mean More Power”
- New Study Reopens Questions About Our Ability To Meaningfully Assess Global Mean Temperature
- Dialing Back The Panic: German Physics Prof Sees No Evidence Of Climate Tipping Points!
- Astrophysicist Dr. Willie Soon Challenges The Climate Consensus … It’s The Sun, Not CO2
- Regional Cooling Since The 1980s Has Driven Glacier Advance In The Karakoram Mountains
Aletho News 
Russian LNG, and Chinese Oil and Gas seems to imply that the USA’s commercial dominance since WWII may be nearing its end. It certainly might be a good idea for the USA to consider doing something to bring the National Debt back under control(presently US$27,000,000,000,000),(27 TRILLION DOLLARS)and rising faster than a Saturn Rocket.
(How is the investigation into the $$$Trillions lost by the Pentagon going?)
LikeLiked by 1 person
I recall reading circa 10-12 years ago that Iran had the world’s largest proven reserves of natural gas. Hmmm–sanctions, anyone?
LikeLiked by 1 person
Something to be Plundered…..?
LikeLiked by 1 person
Right on! I’ve thought, from the beginning 20 years ago, that such was the plan for Afghanistan (precious rare-earth minerals/ore by the trillion$). Folly after folly (Iraq, Libya, Syria also) after folly….
LikeLiked by 1 person
Afghanistan?……Not to mention the fact that Opium production has skyrocketed under the American occupation(there are YOUTUBE video’s of American troops patrolling the opium plantations)…….Ominously coinciding with an Opioid addiction crisis in the USA itself……Do American Military planes have Customs inspections in the USA?.
Hasn’t anyone “Joined the dots, and followed the Money”, yet?
LikeLiked by 1 person