Wanted: Global Market Share Of LNG, Gazprom-Style

Valery Golubev, OAO Gazprom deputy chairman, believes that his company will produce 90 million tonnes a year of LNG by 2030, reported Thomson Financial.

Golubev told Thomson reporters that Gazporm is seeking to match its LNG market share with its pipeline gas market.

In a report issued by PricewaterhouseCoopers in April 2007, LNG will account for 62% of all gas trade by the year 2020.

Russia has been building an LNG transportation fleet, courtesy of Sovcomflot shipping company. Radio Free Europe reported that in January 2007 Sovcomflot took delivery of two LNG vessels constructed by Hyundai.

In February, a deal was reached by Gazprom, Total, and Staoilhydro to develop the Shtokman field. Phase I of the project is slated to provide 23.7 Bcm/year. LNG deliveries will be ready for commencement in 2014.

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