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Russia will increase gas extraction by 2% to 740 billion cubic meters in 2019 compared to last year. Russian Energy Minister Alexander Novak said in an article published in the Energeticheskaya Politika (Energy Policy) magazine.
`For further reliable gas supplies to domestic and foreign consumers. gas production continues to increase. This year this rate is expected to increase by 2% compared to last year`s record for the gas industry and reach aroudn 740 million cubic meters.` Novak said.
He added that Russia has impressive success on the liquefied natural gas (LNG) market. `We really see impressive success here. We hope that at the end of the year. export of LNG will increase by almost 44% and reach around 39 billion cubic meters.` he noted.
In 2018. gas production in Russia increased by 4.9$ compared to the previous year and reached 725 billion cubic meters. LNG export increased by 70% in the same period and reached 26.7 billion cubic meters.
