Gazprom seeks role in US LNG market

12/18/2006
Russia’s OAO Gazprom hopes to become a “serious player” in the US LNG market, said Deputy Chairman Alexander Medvedev.With the anticipated amount of LNG to be produced in Russia after 2015, the company can “play a substantial role in the North American market,” Medvedev said at a Dec. 1 press conference.These statements follow Gazprom’s recent decision to develop giant Shtokman gas-condensate field in the Barents Sea without foreign partners and to pipe the gas to Europe rather than liquefy it for North America as had been planned. “Before the first LNG train will begin producing LNG in Russia,” Medvedev said, “[Gazprom] will require e...
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