Russia targets an LNG production of 140 Mt/year in 2035

1 Oct 2021

The Russian government targets an LNG production level of 140 Mt/year in 2035, down from a previous target of 160 Mt/year by 2035. The country has a liquefaction capacity of over 28 Mt/year (2020), with 6 trains: 2 in Sakhalin 2 (total capacity 10.8 Mt/year since 2009), 3 in Yamal LNG (total capacity of 16.5 Mt/year), and a smaller one in Cryogaz-Vysotsk (0.66 Mt/year). Fifteen LNG projects are planned for a total capacity of over 95 Mt/year, including the 19.8 Mt/year Arctic LNG 2, which consists of three liquefaction trains of 6.6 Mt/year capacity each, and that could later be expanded by 20 Mt/year, and the 10 Mt/year Baltic LNG project. Russia produced 53 bcm of LNG in 2020 (+4% compared to 2019).

In addition, the Russian government has offered the country’s participation in nuclear power plant construction in Kazakhstan. Kazakhstan is currently studying the possibility of developing a nuclear power plant. A feasibility study will be conducted by the government and the Samruk-Kazyna National Fund. Kazakhstan's Strategy 2050 targets 1.5 GW of nuclear capacity by 2030 and 2 GW by 2050. In 2014, a memorandum of understanding (MoU) was signed between Rosatom and NAC Kazatomprom concerning the construction of a nuclear power plant with a capacity up to 1,200 MW near Lake Balkhash. The project is currently frozen.

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