Pavel Sorokin: LNG will grow at a faster pace
18.12.2021
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In the next 10-15 years, the world market for liquefied natural gas will grow at a faster pace than other energy markets. In this market, Russia's share will continue to grow, and LNG production may grow above 120 million tons, predicted Pavel Sorokin, speaking at the 19th Russian Gas Forum.
According to the Deputy Minister, in the next 20 years, natural gas will remain one of the main pillars of global energy development.
"We see very good prospects for oil and gas, in terms of gas, there is significant potential for growth. Russia has one of the largest reserves of it, and this is reflected in our plans to increase exports and increase our presence in the liquefied gas market. In the next 10-15 years, the LNG industry will grow at a faster rate than other energy carriers. We expect that we can increase its production to about 4 times the current level, exceed the figure of 120 million tons,” he said.
In parallel, there will be increase in gas supplies through pipelines, the deputy minister believes - in its key markets in Europe and Asia, Russia remains one of the most competitive suppliers. At the same time, the growth of gas supplies will also occur due to the development of the domestic market and gasification of the population in Russia.
"In addition, we see a very large potential for the involvement and monetization of those valuable fractions that are in our gas. Now we are focusing on the extraction of ethane, the use of LPG in chemistry - their added value relative to simple gas combustion is from 2 to 6 times. It would be irrational not to use such an advantage,” Pavel Sorokin noted.
< /p> In addition, we see a very large potential for the involvement and monetization of those valuable fractions that are in our gas. Now we are focusing on the extraction of ethane, the use of LPG in chemistry - their added value relative to simple gas combustion is from 2 to 6 times. It would be irrational not to use such an advantage,” Pavel Sorokin noted.
< /p> In addition, we see a very large potential for the involvement and monetization of those valuable fractions that are in our gas. Now we are focusing on the extraction of ethane, the use of LPG in chemistry - their added value relative to simple gas combustion is from 2 to 6 times. It would be irrational not to use such an advantage,” Pavel Sorokin noted.
< /p> the use of LPG in chemistry - their added value relative to simple gas combustion is from 2 to 6 times. It would be irrational not to use such an advantage,” Pavel Sorokin noted.
< /p> the use of LPG in chemistry - their added value relative to simple gas combustion is from 2 to 6 times. It would be irrational not to use such an advantage,” Pavel Sorokin noted.
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