Liquefied natural gas industry in Russia
LNG in Russia / From Wikipedia, the free encyclopedia
The first plant, Sakhalin II, was completed in Russia in 2009 having utilised the skills of Shell plc, who had sold 50% of the project to Gazprom in 2006. Prior to 2017 Gazprom was the sole producer of Liquefied Natural Gas (LNG) in Russia.
The cost of a large LNG plant can be massive, with a plant costing $15-25 billion and often needing additional infrastructure of a town, pipelines to bring in gas, storage facilities, a port and ships to export the LNG, raising the cost to $30-50 billion,[1] often needing foreign investment and being given tax concessions to help fund the project.
LNG forms part of Russia's long term Energy strategy. In 2013 private Russian companies were authorized to export LNG. An increase in production capacity from 2017 saw a threefold increase in exports from 11 to 33 million tons per annum (MTPA) by 2022.[2]