Gazprom headquarters, Moscow
March 28, 2008, 10:33
Gazprom is looking to cash in on booming global LNG demand with its liquefied natural gas production strategy covering up to 2030. LNG is set to be the future of gas transportation system.
Russia`s natural gas giant has announced it has ambitions to become one of the leading LNG suppliers. The company has two big future gas projects – Shtockman and Sakhalin-2.
The company’s spokesman Sergey Kupriyanov stressed that after Sakhalin-2 starts production, Gazprom will control over five per cent of global LNG supplies.
“LNG market is developing very quickly. It will allow Gazprom to enter other markets that are not available through pipeline transportation systems. We expect to receive the first supplies from Shtockman field by 2014,” Kupriyanov said.
Gazprom says there will be competition on the Russian market in terms of LNG production, but it will all depend on the right cooperation between the gas companies. read more
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