HomeMediaLatest NewsArctic LNG-2 is "shrinking" in scale

Arctic LNG-2 is "shrinking" in scale

Kondratiev Sergey V. Principal Director on Economic Studies, Head of the Economic Department

Sergey Kondratiev, Principal Director on Economic Studies at the Institute for Energy and Finance, commented to Kommersant FM on the Russian LNG supply for export.

Sergey Kondratiev believes that reducing the project will allow the company to solve the problem of ships shortage for fuel transportation:

"The logic here is that conventional LNG gas carriers can be used during construction in Murmansk. We understand that even they are not easy to find on the open market right now. It is easy to form a shadow fleet of oil tankers, because we are talking about tens of thousands of ships in the world. The situation with gas carriers is somewhat more complicated. And from this point of view, Murmansk, where such Arctic-class vessels are not required, may be a more attractive point for the construction of an LNG plant. This is not so much related to the current distribution of Russian exports. The key issue here is the availability of technologies."

Kondratiev Sergey V. Principal Director on Economic Studies, Head of the Economic Department
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