Russia is trying to position itself as among the top three global liquified natural gas (LNG) exporters before 2035 by increasing market share to 15-20%, according to Energy Minister Alexander Novak. The country has been working on a new LNG export pipeline project with China and plans to build another one in cooperation with India. Novatek already has a framework pact to sell 10-15% of Arctic LNG 2 to France's Total, and Saudi Aramco is ready to take a 30% stake, according to the country’s Energy Minister Khalid Al-Falih.
Russia is trying to position itself as among the top three global liquified natural gas (LNG) exporters before 2035 by increasing market share to 15-20%, according to Energy Minister Alexander Novak. As such, Russia's largest independent gas producer Novatek is in talks with investors for it's Arctic LNG 2 project and Yamal LNG facility. Novatek already has a framework pact to sell 10-15% of Arctic LNG 2 to France's Total, and Saudi Aramco is ready to take a 30% stake, according to the country’s Energy Minister Khalid Al-Falih.