The new megaprojects can also allow Russia to capture up to 15% of the global market position for liquefied herbal fuel (LNG) until 2025, Russian Energy Minister Alexander Novak.
Russia has more than quadrupled its LNG exports since 2009, Novak said in an article in the Energy Policy news, as published Thursday through the ministry. This has been made imaginable through the launch of new facilities, while several other projects are currently in progress towards additional design submissions.
Last year, Russia’s LNG percentage in the global market position was around 7%, according to Leonid Mikhelson, founder of the largest independent producer of herbal fuel, Novatek. The counterattack also has higher LNG production through its most virtuous friend from 50% to 40.2 billion cubic meters in 2019, the Energy Minister said.
The country’s first liquefied herbal fuel plant, Sakhalin-2, announced in 2009. Another key facility, the Yamal LNG Arctic assignment, arrived at capatown complete with its 3 activities about two years ago. The plant operator, Novatek, is recently designing a fourth liquefaction activity on site for an additional capatown design. In April 2019, the allocation of Cryofuel-Vysotsk LNG, the first medium-scale allocation of its kind in the Baltic region, began production on a large scale.