Russia plans to boost LNG output

Exports from Russia’s only LNG export plant, Sakhalin 2, surged by 13.1% in 2016, to 24.2 million cubic metres. However, lower gas prices meant the value of those exports plummeted by 36.2%, to $2.9 billion. If realised, Russia’s plans for new liquefaction projects could see the country become the world’s fourth-largest LNG producer in 10 years’ time behind the United States, Australia and Qatar.