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The main part of LNG projects in Russia is focused on the market of the Asia-Pacific region
The development of a liquefied natural gas market will be able to consolidate regional gas markets.
As President Vladimir Putin said at a meeting with the leaders of leading energy companies in the framework of the St. Petersburg Economic Forum, the development of the LNG market is one of Russia's priorities in the field of energy policy.
At the same time, the bulk of LNG projects in Russia are focused on the Asia-Pacific market. The President recalled that in addition to the LNG plant operating within the Sakhalin-2 project, the Yamal LNG plant is under construction. Rosneft also plans to build another plant on Sakhalin, and Gazprom in Vladivostok and the Baltic.
The head of state noted that prices for Russian pipeline gas are competitive and predictable, as they are based on "proven and effective pricing instruments" used by other exporters of natural gas.