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Friday, October 21, 2016

New Asia-Pacific LNG Markets in Gazprom's Sights

November 27, 2013

LNG carrier: Photo courtesy of Gazprom

LNG carrier: Photo courtesy of Gazprom

Russian energy company Gazprom takes a look at its marketing policy in the international markets of small & large-scale LNG supply in line with its  updated LNG production and supply strategy, and decides to focus on the Asia-Pacific market.

Gazprom's main efforts for expanding large-scale LNG exports are to be focused on the fast-growing Asia-Pacific market. The company says it will step up its presence in the new market primarily through increasing the production of its own LNG.

The company says that within quite a short period of time it has become a full-fledged participant of the global LNG trade, and at present it already supplies LNG to more than ten countries worldwide, which gives it additional competitive advantages, amongst other things, due to swaps and supply optimization.

They also point out that another important area of Gazprom's new international LNG activities is organizing small-scale supply of LNG to be used as a motor and marine vehicle fuel as well as for household and industrial consumers.

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