Novak said current projects under development - major sites
in Ust-Luga and the Arctic LNG-2 initiative - will add another
33 million tonnes to Russia's annual production.
"It is necessary to find an additional resource base for
projects accounting for another 34 million tonnes," Novak said.
The Russian government has already cut its LNG annual output
target to 80-120 million tonnes by 2035 from 140 million tonnes
after the withdrawal of Westerns firms from Russia and a ban
barring Moscow from importing equipment needed for LNG
production.
(Reporting by Oksana Kobzeva; editing by Jason Neely)
MOSCOW, March 7 (Reuters) - Russian Deputy Prime Minister
Alexander Novak said on Tuesday the country needed to identify
the resource base for about a third of its planned annual
production of 100 million tonnes of liquefied natural gas (LNG)
per year.
"The strategic objective and future for our gas exports is
the development of LNG, which in the medium-term should reach at
least 100 million tonnes per year," Novak told a meeting of
government and industry officials.
Russia currently produces around 33 million tonnes of LNG
annually.
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