Ongoing development of new liquefied natural gas (LNG) projects in Russia will allow it to seize a 15-percent share of the global LNG market, Russian Energy Minister Alexander Novak wrote in an article in the Russian magazine Energy Policy. Since Russia began LNG exports in 2009 with the Sakhalin-2 project, its exports of LNG have increased 4.5 times, Novak said. While Russian gas export monopoly, Gazprom, has been busy launching new pipelines east and west – the Power of Siberia to China and TurkStream to Turkey – Russia’s largest private gas producer Novatek is boosting its presence on the global LNG market. Novatek, which already exports LNG from the Yamal LNG plant , gave in September 2019 the go-ahead to its second large LNG project, Arctic LNG 2 on the Gydan Peninsula. The Russian government is helping Novatek with its LNG projects in the Arctic. The Arctic area could […]