Putin blesses multibillion-dollar bet on Russia competing in LNG

The Russian president has overseen the official start of a billion-dollar LNG plant. There are ambitions to compete with LNG leader Qatar.

Photo: /ritzau/AP/Pavel Golovkin

As Russia’s President Vladimir Putin oversees the official start of a USD 27 billion liquefied natural gas plant in the snow-covered tundra of northern Siberia, his mind may wander to its biggest competitor more than 3,000 miles away in Qatar.

While the two regions may have vastly different climates, Putin is determined to make Russia’s Arctic competitive in the fuel that turned Qatar into the richest nation per capita. On Friday, he will witness the loading of the first custom-built icebreaking tanker from the Yamal LNG plant in a region that potentially contains more gas than the Persian Gulf, flanked by a delegation that includes the energy minister of Saudi Arabia.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

European Energy: Danish government runs risk of doing major harm to PtX

In the first quarter, European Energy has signed a deal concerning construction of a new PtX facility in the city of Aalborg as the most recent move in the third prong of activities, which primarily consist of solar and wind energy. But the company’s CEO warns of political short-sightedness.

Further reading

Related articles

Latest News

See all jobs