AIRLINK 75.10 Decreased By ▼ -4.90 (-6.13%)
BOP 5.15 Decreased By ▼ -0.03 (-0.58%)
CNERGY 4.45 Decreased By ▼ -0.01 (-0.22%)
DFML 35.05 Decreased By ▼ -0.11 (-0.31%)
DGKC 77.40 Increased By ▲ 0.52 (0.68%)
FCCL 20.20 Increased By ▲ 0.22 (1.1%)
FFBL 36.95 Increased By ▲ 1.35 (3.79%)
FFL 9.52 Decreased By ▼ -0.01 (-0.1%)
GGL 9.99 Decreased By ▼ -0.17 (-1.67%)
HBL 117.15 Increased By ▲ 0.15 (0.13%)
HUBC 132.75 Increased By ▲ 0.25 (0.19%)
HUMNL 7.01 Decreased By ▼ -0.05 (-0.71%)
KEL 4.57 Decreased By ▼ -0.08 (-1.72%)
KOSM 4.54 Decreased By ▼ -0.11 (-2.37%)
MLCF 37.10 Decreased By ▼ -0.40 (-1.07%)
OGDC 136.79 Increased By ▲ 2.32 (1.73%)
PAEL 23.16 Increased By ▲ 0.26 (1.14%)
PIAA 26.72 Increased By ▲ 0.09 (0.34%)
PIBTL 6.80 Decreased By ▼ -0.01 (-0.15%)
PPL 117.35 Increased By ▲ 5.25 (4.68%)
PRL 27.51 Increased By ▲ 0.31 (1.14%)
PTC 14.47 Increased By ▲ 0.09 (0.63%)
SEARL 56.02 Decreased By ▼ -0.37 (-0.66%)
SNGP 68.39 Increased By ▲ 1.39 (2.07%)
SSGC 10.90 Increased By ▲ 0.07 (0.65%)
TELE 9.19 Decreased By ▼ -0.10 (-1.08%)
TPLP 10.99 Decreased By ▼ -0.19 (-1.7%)
TRG 67.20 Decreased By ▼ -1.80 (-2.61%)
UNITY 25.30 Decreased By ▼ -0.19 (-0.75%)
WTL 1.32 No Change ▼ 0.00 (0%)
BR100 7,570 Increased By 47.6 (0.63%)
BR30 24,642 Increased By 239.5 (0.98%)
KSE100 71,951 Increased By 256 (0.36%)
KSE30 23,661 Increased By 119.1 (0.51%)
Markets

Russian LNG would be competitive at $3.7-$7 per 1mn BTU

  • Russia would compete with Qatar, Australia and the United States for customers in Asia, its target market, up to 2030, and their production costs are seen at $2.8-11 and $7-10 per 1 million BTU, respectively.
  • Russia plans to increase its LNG production to nearly 140 million tonnes LNG per year by 2035 from around 31 million tonnes last year and aims to have about 20% of the global market share by then.
Published March 22, 2021

MOSCOW: Future liquefied natural gas (LNG) projects in Russia would be competitive at $3.7-$7 per 1 million British thermal units (BTU), based on the country's state LNG development plan.

Russia would compete with Qatar, Australia and the United States for customers in Asia, its target market, up to 2030, and their production costs are seen at $2.8-11 and $7-10 per 1 million BTU, respectively, the plan showed.

Russia plans to increase its LNG production to nearly 140 million tonnes LNG per year by 2035 from around 31 million tonnes last year and aims to have about 20% of the global market share by then.

It targets new projects in Arctic and Russia's far east to expand beyond existing LNG plants on the Yamal peninsula and on the Sakhalin island in the Pacific Ocean, looking to Asia as its core market to avoid competition with its pipeline gas in Europe.

Comments

Comments are closed.