Page 17 - GLNG Week 11 2023

GLNG FORMER SOVIET UNION GLNG

Russia may issue more LNG

development permits

RUSSIA THE Russian government may issue permits a result of Western sanctions and other fallout
for the development of fields to underpin LNG from the Ukrainian conflict.
The main focus is export projects in the northern areas of the Despite these challenges, it is now more
gas fields in the Krasnoyarsk and Yamalo-Nenets regions, Prime imperative than ever before that Russia expands
northern areas of Minister Mikhail Mishustin said last week. its LNG export capacity as quickly as possible,
the Krasnoyarsk and “The government suggests extending the given the country’s potentially irrevocable loss
Yamalo-Nenets regions. geography of the fields with allowed LNG of much of the European gas market over the
exports to include the prospective zones past year. Mishustin estimated last week that
located far from the united gas supply system, Russia will still be able to expand its LNG pro-
where building trunk pipelines is unreasonable,” duction to 100mn tonnes per year (tpy) over the
Mishustin said on March 9. next seven years.
These regions contain around 3 trillion cubic According to the latest government plan,
metres of gas, the prime minister said. Russia will ramp up output to 140mn tpy
Russia has traditionally restricted the num- by 2035, up from over 33mn tpy at present.
ber of permitted LNG projects, and state-owned Among the upcoming projects are Novatek’s
Gazprom and privately-owned Novatek cur- Arctic LNG-2 and Gazprom’s Ust-Luga LNG
rently have a monopoly over the market. How- terminals, which should raise output to 66mn
ever, the Russian government is under pressure tpy, Russian Deputy Prime Minister Alexander
to allow more projects to go ahead, given the Novak said last week.
significant challenges the sector now faces as Other projects in the works include Novatek’s

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