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Russia wants to increase LNG production to 140 million tons by 2035

Russia wants to increase LNG production to 140 million tons by 2035
Photo: sakhalinenergy.ru

Russia plans to increase LNG production to 140 million tons by 2035. The role of oil and coal in the global energy balance will decrease, while the role of gas, on the contrary, will increase.

This was stated by Russian President Vladimir Putin at the plenary session of the Russian Energy Week International Forum, which opened today in Moscow. According to the president, the Russian Federation also expects to increase its share in world supplies of petrochemicals from 2035% to 1% by 7.

"Russia expects to increase the volume of LNG to 2035 billion cubic meters by 140, occupy about 20% of the world market due to low cost and competitive logistics," the president said.

As part of his speech, Putin instructed to update and extend the energy saving program until 2035 in order to reduce the burden on the environment.

 

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