During the meeting, it was noted that "natural gas is the most promising fuel that meets the requirements of environmental legislation and can fulfill the role of a transition fuel to a carbon neutral economy of the future."
The report says that “the demand for natural gas will grow smoothly - both on the territory of Russia for the purpose of gasification and power supply of the constituent entities, as well as as a vehicle fuel, and for the production of liquefied natural gas (LNG) and its supply to both Russian consumers, and to export markets ”.
Novak said that “the implementation of potential LNG projects will allow Russia to almost triple LNG production by 2035 and additionally produce and monetize 2.5 trillion cubic meters.
m of gas until 2040 ".
“In addition, this will provide about $ 150 billion of additional investment in the Russian economy by 2030.
It is also expected that the realization of the potential for the development of LNG will be able to lead to additional GDP growth of about 1.5% per year after reaching this potential capacity, ”said the Deputy Prime Minister.
Earlier, the Russian company Gazprom assessed the impact of coronavirus infection on the prospects for the global LNG industry.