Due to sanctions pressure, Russia's target for liquefied natural gas (LNG) production of 100 million tons per year is being postponed by several years, according to Russian Deputy Prime Minister Alexander Novak.
We will also develop the production of liquefied natural gas. Our task was to reach 100 million tons [per year by 2030]. Obviously, due to the sanctions restrictions, this will now be shifted to the right by several years.
Despite the slowdown in implementation, the construction of new LNG plants continues, and authorities still consider the liquefied gas sector a key driver of the energy industry's development.
According to Russia's previously approved Energy Strategy until 2050, seven major LNG projects with a total capacity of about 100 million tons per year should be launched in the country by 2030. The list included projects such as Arctic LNG-1 and Arctic LNG-2 (19.8 million tons each), Sakhalin-2 (9.6 million tons), Yamal LNG (17.4 million tons), Ust-Luga LNG plant (13.2 million tons), Obsky LNG (4.8 million tons), and Murmansk LNG (20.4 million tons).
Depending on the scenario implemented, it is projected that by 2030, LNG production in Russia will range from 90 to 105 million tons, by 2036 from 110 to 130 million tons, and by the middle of the century from 110 to 175 million tons.
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