Russian LNG: Becoming a Global Force
In this latest OIES podcast David Ledesma discusses the prospects for the Russian LNG industry with James Henderson, who recently co-authored a paper on the subject with Vitaly Yermakov. Following the successful launch of the Yamal LNG project the Russian government has great plans for the further development of the country’s LNG sector, led primarily by Novatek but also including projects operated by Gazprom and Rosneft. We discuss the chances of rapid expansion being achieved, the challenges that will be faced and the potential for Russia to become one of the “Big Four” LNG exporters by the end of the next decade. We also consider the implications for Russia’s overall gas export strategy as well as the geo-political significance of the opening of the Arctic region.