Russia can increase production of liquefied natural gas (LNG) to 83 million tonnes by 2035 from the current 21 million tonnes, said Head of Department of Oil and Gas Production and Transportation at the Russian Energy Ministry Alexander Gladkov on Tuesday.
According to Russian news agency Tass, Gladkov said that the Russian energy ministry explores the possibility of using additional incentives for the development of the industry.
'From the current 21 million tonnes, LNG production in Russia will grow to 83 million tonnes. We are ready to continue to consider the possibility and approaches to stimulate LNG,' he said.
Gladkov said that Russia can achieve a 15-20 percent share in the world LNG market against the current 4-5 percent by 2035.
By Murat Temizer
Anadolu Agency
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