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Domestic production meets some 30 per cent of the demand for oil and around 70 per cent for gas in the country.

Initial production and service operations are expected to commence in 2019.

Oil output in the U.S. dropped last week for the first time in more than two months.

Yamal LNG began commercial operation early this month.

Continued innovation in the field of transfer infrastructure is vital to keep pace with the rapid evolution of the LNG market.

Indonesia'.s state-owned Pertamina plans to spend $3.324 billion on its upstream business in 2018.

The group will pursue approximately 6.86 billion yuan ($1.05 billion) of the total contract value.

Medvedev acknowledged that Europe may take more LNG imports. especially when demand exceeds the capacity of pipeline suppliers.

China’s natural gas use could almost triple from last year to about 600bn cubic metres by 2040.

All renewable sources combined generated more electricity than coal-fired plants on 315 days this year.