Gazprom has said it could shelve its Vladivostok liquefied natural gas project as the Russian state-controlled energy giant focuses on supplying more gas to China by pipeline.
The project, which had been scheduled to start production in 2018 with capacity of 10m tonnes a year of LNG, would be the first major Russian energy project to be publicly scrapped since the US and Europe targeted the country’s energy industry with sanctions.
Analysts said the plant may appear less attractive given expectations of a glut of LNG as projects in Australia and Indonesia start production and US exports of shale gas ramp up.
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