Russia LNG Ambitions Advance With Plans for Remotest Regions - Bloomberg: Russia took a step closer to becoming a dominant player in the global liquefied natural gas market as two of its biggest energy companies advanced plans to export the fuel from its remotest corners.
Rosneft PJSC, Russia’s top oil company, said Thursday it plans together with its partners in the Sakhalin 1 project to build an LNG export plant in the far eastern port city of De-Kastri. Meanwhile Novatek PJSC, the country’s largest LNG producer, made a final investment decision on its $21 billion Arctic LNG 2 plant on the Gulf of Ob.
Natural gas is expected to be the fastest growing fossil fuel through 2040, and it will increasingly be transported in liquid form, according to the International Energy Agency. China, India and other developing countries plan higher imports to bring energy and electricity to their people at a fraction of the pollution of coal or oil.
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