Gazprom, the Russian state-controlled gas monopoly, is eyeing the US market as it seeks to build a substantial position in the global liquefied natural gas business after opening its first LNG plant in February.
The company, already the world’s biggest exporter of pipeline gas, is now aiming for “participation in the LNG world on a scale commensurate with its resource base”, Frederic Barnaud, the president and managing director of the company’s LNG trading unit, Gazprom Global LNG, told the Gastech conference in Abu Dhabi.
Gazprom sees its nascent LNG business as a strategic opportunity to diversify its export potential by accessing international markets it cannot reach by pipeline. The US is a key target because it is the biggest gas market in the world, Mr Barnaud said on the sidelines of the conference.
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