Russia boosts Arctic LNG shipments to China to meet growing energy demand ...News

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Russia boosts Arctic LNG shipments to China to meet growing energy demand
source : Russia Today ( News ) () 18
Russian gas producer Novatek has reached an agreement to supply more than three million metric tons of liquefied natural gas (LNG) from its Arctic LNG 2 project to China over a 15-year period. This will help China ensure its energy needs and diversify its LNG supplies, analysts say. “Russia’s Novatek has entered Petronas’ Shanghai LNG turf, adding to a growing trend of Shanghai diversifying its LNG supply mix, where currently about 80% comes from Petroliam Nasional Berhad [Petronas]'s Malaysia complex,” Cao Lujia, an analyst at BloombergNEF was quoted as saying by China Daily. Also on rt.com

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