Russia aiming for 20 percent of world LNG market by 2030 | Russia Beyond The Headlines

Russia aiming for 20 percent of world LNG market by 2030 | Russia Beyond The Headlines:

"The Russian government plans to actively promote production of hydrocarbons and the development of LNG projects, and the country aims to have a 20 percent share of the world liquefied natural gas (LNG) market by 2030, Deputy Energy Minister Kirill Molodtsov said at the Sakhalin Oil and Gas 2013 conference.

"The Russian Federation is currently the largest world power in terms of gas reserves, with 21 percent of all world reserves, produces about 19 percent of the world's gas, and also currently exports about a fifth of the world's gas. Russia is interested in taking its rightful place on the LNG market as well," Molodtsov said.

"The goal of the prospects and objectives that are being established by the federal government and our state companies is the active expansion of gas liquefaction projects. With all the prospects that we now have, we expect that Russia's share of the world LNG market should exceed the 12-13 percent that we initially planned to have by 2030. Now our target is 20 percent of the world LNG market," Molodtsov said."

'via Blog this'