Putin: planned projects of the Russian Federation in the sphere of LNG must be implemented

Putin: planned projects of the Russian Federation in the sphere of LNG must be implemented


Russia’s share in the global LNG market is less than 5%, target is to achieve 12% of the total market. The President of Russia Vladimir Putin noted that, in the framework of increasing the share of Russia in this sphere, it is necessary to implement the planned projects.

MOSCOW, 27 Jan. Russia has opportunities to increase its share on the LNG market, planned in this area, the projects must be implemented, said President of Russia Vladimir Putin.

“Russia has opportunities to increase its share on the LNG market. And planned large-scale projects in the sphere of LNG, of course, must be implemented”, — said Putin at a meeting of the Commission on development of fuel and energy.

In June, energy Minister Alexander Novak noted that Russia’s share in the global LNG market is less than 5%, target is to achieve 12% of the total market. He did not specify by what date it is expected to increase the share up to this level.