mo4ch:>Russia looks to build ‘LNG Island’ to supply booming Asian market | Mo4ch News

Russia’s largest LNG (liquefied natural gas) producer is looking to boost supply to the fast growing Asian markets by upgrading its facilities in the Far East.While Russia’s gas giant Gazprom is working to complete the Power of Siberia gas pipeline expected to begin delivering gas to China in December 2019, another Russian company — the country’s biggest liquefied natural gas (LNG) producer Novatek — is looking to boost LNG supply to the growing Asian market. While it continues to keep more than a third of the European gas market with pipeline gas supply, Russia is also increasingly looking east and aiming to take a larger portion of the booming Asian LNG demand, led by China.  Also on rt.comDangerous liaisons? Italians want to build LNG plant in Russian Arctic despite US sanctions threatNovatek has one producing LNG plant, Yamal, and aims to reach a final investment decision (FID) on another one, Arctic LNG 2, this year.The Russian firm has recently signed a preliminary agreement wit…