gas giants Gazprom and Novatek recently agreed to construct
gas (LNG) terminals on the Yamal Peninsula in the
projects would further the Russian
government's plan to export more gas to Asia in light of
falling demand and regulatory uncertainty in Europe.
two new terminals would be located near Novatek's proposed,
16.5-million-ton-per-year (MMtpy) LNG
facility on Yamal, which it is building in partnership with
France's Total. The collective capacity of both terminals would
eventually breach 30 MMtpy.
and Total have requested the right to market LNG
directly to customers without assistance from Gazprom, which
has a monopoly on Russian gas exports. The Russian government
is still reviewing the companies' proposal.
present, Russia has only one operating LNG
plantthe 10-MMtpy liquefaction terminal run by Gazprom
and Royal Dutch Shell on Sakhalin Islanddespite being the
world's largest producer of conventional gas.