Gazprom aiming for new liquefied natural gas markets


Gazprom aiming for new small- and large-scale liquefied natural gas markets The Gazprom Board of Directors took note of the information considering the Company's marketing policy in the international markets of small- and large-scale LNG supply as well as approved Gazprom's updated LNG Production and Supply Strategy.

It was pointed out that Gazprom was successfully developing the LNG sales and transportation segments. Within quite a short period of time the Company has become a full-fledged participant of the global LNG trade, enjoying the well-deserved confidence of consumers. At present, Gazprom has the experience of supply to more than ten countries worldwide. It gives the Company's activities additional competitive advantages, inter alia, due to swaps and supply optimization. Gazprom's LNG sales efficiently compliment pipeline supply, making it possible to enter new gas markets.

Gazprom's main efforts for expanding large-scale LNG exports are focused on the fast-growing Asia-Pacific market. The Company will step up its presence in the new market primarily through increasing the production of its own LNG.

Another important area of Gazprom's international LNG activities is organizing small-scale supply of LNG to be used as a motor and marine vehicle fuel as well as for household and industrial consumers.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs