• 3 minutes Shale Oil Fiasco
  • 7 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 12 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 16 minutes Global Debt Worries. How Will This End?
  • 51 mins americavchina.com (otherwise known as OilPrice).
  • 19 mins Democrats through impeachment process helped Trump go out of China deal conundrum. Now Trump can safely postpone deal till after November 2020 elections
  • 10 hours Forget The Hype, Aramco Shares May be Valued At Zero Next Year
  • 2 days Everything you think you know about economics is WRONG!
  • 2 days Wallstreet's "acid test" for Democrat Presidential candidate to receive their financial support . . . Support "Carried Interest"
  • 1 day Natural Gas
  • 3 hours POTUS Trump signs the HK Bill
  • 15 hours Joe Biden, his son Hunter Biden, Ukraine Oil & Gas exploration company Burisma, and 2020 U.S. election shenanigans
  • 3 hours Iraq war and Possible Lies
  • 6 hours READ: New Record Conoco Eagleford Vintage 5 wells, their 5th generation test wells . . . Shale going bust . . . LAUGHABLE
  • 2 days 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 1 day Aramco Raises $25.6B in World's Biggest IPO
  • 20 hours My interview on PDVSA Petrocaribe and corruption
  • 1 day Winter Storms Hitting Continental US
Alt Text

Natural Gas Set To Fall Even Further

Natural gas prices are likely…

Alt Text

Global LNG Markets Are Circling The Drain

Asian and European LNG prices…

Alt Text

Aramco Looks To Build An LNG Fleet

Aramco’s shipping division has expressed…

Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

Russia May Break Gazprom Monopoly To Stimulate LNG

A Russian Security Council commission has recommended breaking down Gazprom’s gas export monopoly in a bid to boost the competitiveness of Russia’s gas, Russian daily Vedomosti reported after seeing the protocol from a July 6 meeting of the commission.

The global rise in LNG as a replacement for natural gas and oil is a threat to Russia’s energy security, the commission concluded, and Moscow needs to take urgent action to turn Russia into a major exporter of LNG.

The global structure of fuel demand is changing, the protocol said, and new LNG projects are spurring more intense competition in Europe and Asia – key markets for Russian natural gas. To tackle the problem, the commission proposed prioritizing the development of the local LNG industry, devising a “coordinated strategy” for gas deliveries to key markets, and liberalizing gas exports.

Currently, Gazprom is the sole pipeline exporter of natural gas. There is one LNG plant in Russia, with an annual capacity of 9.6 million tons, operated by Sakhalin Energy, a company that’s majority-owned by Gazprom. Companies other than Gazprom can export LNG, however, as long as they were licensed by 2013 to develop gas deposits with the option of building liquefaction trains there. Related: Is The Shale Rebound Causing A Return Of Flaring?

Novatek, Russia’s largest gas independent, staked a claim in LNG when it started building the Yamal LNG plant, which should start operating by the end of this year. When it reaches full capacity, in two years, the Yamal facility would process 16.5 million tons of LNG. Novatek also has plans for another LNG plant, Arctic LNG-2, with an annual capacity of 18 million tons.

Gazprom is pursuing its own LNG projects: the state company has two LNG plants in the works with a combined capacity of 20 million tons annually. Rosneft, the other state mammoth, holds the majority stake in Pechora LNG, but the capacity and timeline for this project have not yet been established.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage



Leave a comment
  • Naomi on August 18 2017 said:
    USA LNG must replace Gazprom supplies to Europe for security reasons and for balance of trade. If Russia adds significantly to world LNG infrastructure then the price of oil would fall. Russia cannot win.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play