Supply & Demand

The rise of Russian LNG

Russia’s LNG capacity is growing, and substantial capacity additions are planned. Russia’s share of the global LNG trade is set to rise, but the full scale of proposed expansions will be challenging to realise Russia’s LNG capacity is growing, and substantial capacity additions are planned. Russia’s share of the global LNG trade is set to rise, but the full scale of proposed expansions will be challenging to realise.
By Catriona Scott 21 September 2018 0 32600
LNG plant. Sakhalin II project Russian supply into the European market will remain critical to the region’s balance for the foreseeable future. (Gazprom)

Russia is on course to export a record volume of gas to Europe this year in the form of piped supplies. But while the development of new lines and the futures of Nord Stream 2 and Ukrainian transit face uncertainties, Russia is clearly moving forward in LNG. New capacity has come online this year, and the country’s two LNG exporters – Gazprom and Novatek – both have ambitious plans for expansion. The new exports resulting from these expansions will increase the flow of Russian gas...