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Russia Changes LNG Strategy to Adapt to Sanctions

From energyintel.com

Novatek’s reported plans to build a new LNG plant at Murmansk in northwestern Russia reflect how Moscow is changing its gas export strategy to meet the new challenges forced on it by international sanctions due to its war in Ukraine. The new 20.4 million metric ton Murmansk LNG plant, which according to the Kommersant newspaper has been discussed at a meeting chaired by Deputy Prime Minister in charge of energy Alexander Novak, fits into Moscow’s plans to develop new infrastructure for redirecting gas exports after the loss of the European market for its pipeline gas. Moscow sees LNG as a key diversification option ... (full story)

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  • Category: Fundamental Analysis