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Russia Aims for 110mn tons of LNG by 2030: Novak

LNG

Russia is potentially aiming to produce 110mn tons of LNG by 2030 vs current levels of 33mn tons according to Deputy PM Alexander Novak.

  • LNG production in the Yamal cluster may rise to 60 mln tons by 2030 from 20 mln tons in 2030.
  • The Baltic cluster’s output may grow to 15 mln tons from 2.2 mln tons.
  • Production in the Sakhalin cluster and the Murmansk cluster may increase to 15 mln tons from 11 mln tons and to 20 mln tons, respectively.
  • Russia is aiming to bring up its market share of global LNG to at least 15-20% from a current level of 8% according to Novak.

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