Economy

Russia Aims to Rule Asian Gas Markets by 2050 with Advanced Pipeline and LNG Expansion

Russia's Strategic Plan for Asian Gas Dominance

In a bold statement, Russian Deputy Prime Minister Alexander Novak has outlined Russia's ambitious plan to become the top exporter to Asian gas markets by the year 2050. This vision was shared in his recent article for the "Energy Policy" journal, highlighting a future where Russia leads in both pipeline gas and liquefied natural gas (LNG) exports.

Technological and Cooperative Advances

Novak emphasized the importance of technological development and international cooperation in achieving this goal. "Our strategy includes advancing technologies for seamless and large-diameter pipes, alongside fostering partnerships with allied nations to jointly develop gas infrastructure," he explained. This approach is expected to significantly boost Russia's pipeline gas exports to an estimated 197 billion cubic meters by 2036.

LNG Production on the Rise

Additionally, the deputy prime minister revealed plans to not only maintain but also expand Russia's role as a leading LNG supplier. The medium-term target is to increase LNG production to 100 million tons, further solidifying Russia's position in the global energy market.