Russian LNG: Progress and delay in 2017
2017 will be a momentous year for Russia’s LNG business, as the Yamal LNG project is due to come online by the end of the year. This will not only be the first Russian-operated LNG development, but will also mark a major shift in the Russian gas sector, as Novatek, rather than Gazprom, has been the instigator and the driving force behind the project. This may well be the start of a trend which could see Novatek become the country’s major LNG player, while Gazprom is also being challenged by Rosneft in both the LNG and pipeline export sectors. This paper discusses the future prospects for Russian LNG and asks whether the events of 2017 will mark a turning point in the development of the Russian gas sector.