2021-02-03 12:50:00
RUSSIA'S LNG POTENTIAL 140 MLN TONS
SN - 02.02.2021 - Russia has a potential to increase LNG production up to 140 mn tons annually by 2035, Vice Premier Alexander Novak said at a meeting held to discuss the new Long-term liquefied natural gas production expansion programme currently being drafted for Russia.
According to A.Novak, developing the potential LNG projects will allow Russia to almost triple LNG production by 2035 and produce additional 2.5 trillion cbm of gas by 2040. These project will mean some $150 bn of new investment into the Russian economy by 2030, he added.
The potential LNG projects include more than 10 plants that are currently at different project stages. The programme envisages the Yuzhno-Tambeiskoe field on the Yamal Peninsula, the Utrenneye, Geophosocheskaya and other Gydan fields, and North Krasnoyarsk Kray fields as key sources for increasing LNG production. In the long-term prospect, the Arctic shelf can become an important LNG producing area.
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Earlier:
2021, February, 2, 12:05:00
U.S. LNG GROWTH FOR CHINA
December was the first time China had been the top monthly US destination since deliveries resumed in April 2020 following a 13-month pause due to tariffs.
2021, February, 2, 11:40:00
NOVATEK, BAKER HUGHES HYDROGEN SOLUTION
Baker Hughes (NYSE: BKR) and PAO NOVATEK have signed a cooperation agreement aimed at reducing carbon emissions from natural gas and liquefied natural gas (LNG) production.
2021, January, 15, 11:50:00
LNG PRICES UP ANEW
Spot LNG prices LNG-AS have nearly tripled since early November as freezing temperatures across North Asia boosted demand and depleted inventories. Since July, prices are up a dizzying 1,000%.
2021, January, 14, 14:15:00
LNG PRICES UP
The combination of a severe cold snap in Asia, supply outages and maritime congestion has propelled spot prices for LNG to previously unforeseen heights. The North Asian price benchmark has now risen 18-fold in less than nine months, outperforming other commodities
2021, January, 13, 13:40:00
QATAR LNG EXPANSION
State-owned Qatar Petroleum is planning a to increase LNG production by 43% to 110 million mt/year by 2025, up from 77 million mt/year currently.
2021, January, 12, 11:25:00
U.S. LNG FOR ASIA UP
The current trend suggests that Asia will remain the top destination for US LNG for months to come, following robust deliveries to the continent in 2020.
2021, January, 8, 15:20:00
U.S. LNG EXPORTS 9.8 BCFD
U.S. exports of liquefied natural gas (LNG) set a new record in December after a record-breaking November 2020, averaging 9.8 billion cubic feet per day (Bcf/d),
