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Russian LNG - one small step for Gazprom, one giant leap for NOVATEK

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Report summary

2017 will be a decisive year for Russian LNG when the first ever multi train Arctic LNG project Yamal LNG is commissioned. The project will start just four years after FID and almost a decade since the launch of the country s first and only LNG plant on Sakhalin island. Despite Russia s vast conventional gas reserves the country s share in the global LNG market is small at about 4%. This didn t stop President Putin from saying that Russia will one day become the world s largest LNG producer. Can this ambitious target be achieved?

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