The future of Russian LNG on the world gas markets

Natalia Pyatkova,N Voropai,A Michalevich,H Guliev,S Senderov

doi:10.1051/e3sconf/20185803005

Natalia Pyatkova, N Voropai + Show 3 more

Open Access

https://doi.org/10.1051/e3sconf/20185803005

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Abstract

The main purpose of the article is to analyze the situation on the world markets of liquefied natural gas (LNG) and Russia’s ability to enter this market. This article continues the work carried out 15 years ago on possible ways of diversifying the forms and directions of Russian gas exports [1]. An analysis of the state of the LNG market for this period was made, prospects for the development of world trade in LNG and promising Russian projects were considered.

Highlights

In the 90 years of the last century, as a result of the use of the latest liquefied natural gas (LNG) technologies, the export of natural gas in liquefied form has significantly increased
Manufacturers and buyers of liquefied natural gas are more free to choose a trading partner than those who focus only on pipeline gas; - LNG technologies allow to promptly change volumes of production and gas supplies depending on market conditions, and gas transportation is not connected with transit through the territories of third countries and, there is the possibility of rapid response to fluctuations in demand
The opportunities for market trade in LNG contracts are attractive for the largest importers, namely, the largest consumer of Russian gas, the European Union, which is reforming its gas market in this direction; - LNG is the only possible technology for the organization of trans-oceanic transport, which is especially important for the countries of the Asia-Pacific region

Summary

The current state of the LNG markets

In the 90 years of the last century, as a result of the use of the latest LNG technologies, the export of natural gas in liquefied form has significantly increased. This is a large-scale business, providing more than a quarter of international gas trade (Table 1). Manufacturers and buyers of liquefied natural gas are more free to choose a trading partner than those who focus only on pipeline gas; - LNG technologies allow to promptly change volumes of production and gas supplies depending on market conditions, and gas transportation is not connected with transit through the territories of third countries and, there is the possibility of rapid response to fluctuations in demand. The cost of LNG at the location of major gas markets is approaching the cost of pipeline gas

The main consumers and suppliers of LNG

Findings

Conclusion