Novak saw expanding liquefied gas production and exports as a key task for the Russian energy industry

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Expanding the production and export volumes of liquefied natural gas (LNG) is a key task for the Russian fuel and energy complex (FEC). Words from Deputy Prime Minister Alexander Novak opens prime agency

The official made a similar statement in his speech at the last board of the Ministry of Energy (Ministry of Energy). The role of LNG has increased due to the sharp decline in Russia’s pipeline gas supply to the European energy market due to international sanctions.

“Expanding the level of liquefied natural gas production and export. “I believe this is a key task in the current conditions where our infrastructure to Europe is damaged and we are losing huge volumes of pipe gas exports,” Novak said.

According to him, Russia has the capacity to increase LNG exports to foreign countries. Some of the Arctic LNG 2 projects are currently under implementation, including the Baltic LNG LNG plant and the gas chemical complex (GCC) at Ust-Luga.

“We have a few projects that we have implemented, there are a number of projects that are under implementation such as Arctic LNG 2, Ust-Luga. “We need to work on these and help them implement them,” he said.

March 28 Head of the Ministry of Energy Nikolai Shulginov declarationHe said the agency expects a decline in oil and gas production in Russia by the end of 2023. This is due to the expansion of international sanctions and the lack of a suitable infrastructure to redirect falling fuel volumes from the European energy market to other parts of the world.

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