- Home
- Business
- News
- LNG Market's Active Growth Hinders Viability of Pipeline Gas Supplies - Russian Ministry
LNG Market's Active Growth Hinders Viability Of Pipeline Gas Supplies - Russian Ministry
Mohammad Ali (@ChaudhryMAli88) Published May 28, 2020 | 05:47 PM
The active development of the global liquefied natural gas (LNG) market poses risks for the sustainability of pipeline gas supplies, Russian Deputy Energy Minister Anatoly Yanovsky said on Thursday
MOSCOW (UrduPoint News / Sputnik - 28th May, 2020) The active development of the global liquefied natural gas (LNG) market poses risks for the sustainability of pipeline gas supplies, Russian Deputy Energy Minister Anatoly Yanovsky said on Thursday.
"There is an active development of the LNG market, and almost all gas producers are engaged in its production, which obviously creates risks for the stability of pipeline gas supplies, which are currently the basis for gas supply," Yanovsky stated during the Risk Management in Energy international online conference.
The deputy minister added that Russia had enough mechanisms to ensure fair competition between LNG and pipeline gas supplies, but there was currently no need to apply certain measures in this area.
In late April, Russian Energy Minister Alexander Novak said that the country had increased its LNG production by over 17 percent in the first two months of 2020 despite the difficult market situation, while over the past year, LNG production rose by over 50 percent compared to 2018.
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
More Stories From Business
-
Exchange rates for currency notes
2 hours ago -
Foreign exchange rates
2 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
3 hours ago -
Today Gold Rate in Pakistan 26 April 2024
3 hours ago -
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
12 hours ago -
Pak-US officials engage to enhance trade, investment ties
13 hours ago
-
Stocks fall as tech shares sink, US economy slows
14 hours ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
15 hours ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
15 hours ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
15 hours ago -
Honda announces US$11 bn EV battery and vehicle plant in Canada
15 hours ago -
Zhao Shirin calls on Punjab Industries Minister
15 hours ago