Russian LNG Aims Face Big Challenges in Arctic Regions
Published at: www.rigzone.com
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Michael LynchConsultantMichael E. Lynch
Gasprom to go slow on high cost LNG in worsening market conditions
November 1, 2009
Russia, world's largest natural gas producer, has invited international majors to help it obtain 20% of the natural gas market. Experts say it could be 2020 before new production comes on stream. Russia's priority project, Shtokman offshore field in the Barents Sea is scheduled to begin deliveries in 2014. Many experts question Gazprom's financial and technical ability to make it happen in a time of worldwide recession. Vitaly Yermakov of CERA in Moscow cited uncertainty about gas projects.
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