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Russia works for foothold on LNG market

Publish date: April 10, 2006

Russian gas monopolist Gazprom intends to join forces with the key players on the market of liquefied natural gas (LNG) for operations on the North American LNG market and open an office in Houston, Texas.

Gazprom intends to participate in all stages of this work, from the production of natural gas to its liquefaction and transportation and regasification. Gazprom also plans to win 10% of the United States’ gas market by 2010 and subsequently to double its share. Today Gazprom depends to a large extent on the existence of pipelines and on the relations with the transit countries.

Until recently, Russia relied on stable gas deliveries to Europe, postponing the creation of LNG production facilities and the choice of new routes for the delivery of gas. This has endangered Gazprom’s monopoly in Europe and is hindering its expansion in Asia and North America, RIA Novosti reported.

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Polish EU Presidency: What does it mean for climate action?  

While the Polish Presidency presents an opportunity to address critical challenges, its current priorities fall short of aligning European competitiveness and security with the urgent need for climate action. Bellona’s Roadmap for 2024-2029 calls on the EU to implement ambitious and science-based climate goals to achieve climate neutrality and strengthen EU security. By focusing on industrial decarbonisation, renewable energy integration, transparent climate policy, and green public procurement, the Presidency can lead the EU towards a resilient, competitive, and climate-neutral future. As such, Bellona calls on Poland to implement more concrete and ambitious climate policies and well-functioning markets for a net-zero world.

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