With various new field discoveries and large LNG production plans underway, LNG production In Russia is all set to achieve 13.9% CAGR growth during 2010-2020, says RNCOS.
Noida, UP -- (SBWIRE) -- 05/04/2011 -- According to our new research report “Russian LNG Market Analysis”, Russia is emerging as a new force in the global LNG market. Russia has timely recognized its enormous LNG potentials in the form of one of world’s largest natural gas reserves situated in Yamal, Sakhalin, and Shotkman fields.
The country is witnessing a significant level of development in the LNG production, which is anticipated to grow at CAGR of 13.9% during 2010-2020.
Rapidly growing output will position Russia as a prominent name in the global LNG trade arena and will attract new market players to utilize business opportunities.
The study identified that, the country joined the elite club of global LNG exporters with Sakhalin-II project exporting its first cargo in March 2009. Japanese utilities are the current major buyer of Russian LNG production followed by Korean and the US firms. However, the export matrix is expected to change a bit in coming 8-10 years with growing demand from the Asia-Pacific countries especially China and India.
Further, to increase LNG supply and to tap the emerging regional demands, Russian LNG majors are formulating huge LNG infrastructure development plans. The planned liquefaction capacities, if materialized on time, will prove sufficient for the country's future LNG exports considerations.
Our report “Russian LNG Market Analysis”, has been authored to study and evaluate Russian LNG market potentials and its future prospects. The report provides information/statistics on LNG production, exports, pricing, infrastructure developments etc. The report investigates key trends of the industry and outlines future trends after inclusive study of the various factors that play a critical role in the development of the market. Based on different market indicators, the report evaluates future outlook of the industry and provides valuable information regarding Russian LNG market. The report also covers brief business description and recent market developments of major players operating in the industry, which will help clients in understanding market competition and competitor’s moves.
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