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GLG News Analyses of the following article:

Russian LNG Aims Face Big Challenges in Arctic Regions

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Published at: www.rigzone.com

Michael Lynch, Consultant

Michael LynchConsultantMichael E. Lynch What is a GLG Leader?|GLG Leaders are a separate tier of Council Members with a Council Rank in the top 5%. These GLG Member Program participants are eligible for ongoing, in-depth consultative relationships with GLG clients.

Gasprom to go slow on high cost LNG in worsening market conditions

November 1, 2009

Russia, world's largest natural gas producer, has invited international majors to help it obtain 20% of the natural gas market. Experts say it could be 2020 before new production comes on stream. Russia's priority project, Shtokman offshore field in the Barents Sea is scheduled to begin deliveries in 2014. Many experts question Gazprom's financial and technical ability to make it happen in a time of worldwide recession. Vitaly Yermakov of CERA in Moscow cited uncertainty about gas projects.

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