Looks Like Russia has figured out a way to cheaply transport Gas (LNG) with out a pipeline. It has been put into effect on the Pacific Coast and now Russia sees it as an answer to help bypass Ukraine. Ukraine has caused her own problems and now Russia is in full swing to forever keep Ukraine out of the gas delivery loop.
Japan, America and Korea have just signed contracts that last 25 years to purchase all the gas that is produced at the new world’s largest oil and gas project Sakhalin-2 has begun to produce Russia’s first LNG for the world market. The first deliveries will go to Japan, where Russian LNG will have a major impact.
The huge Prirodnoe plant will pump 5% of the world’s LNG to America, Korea and Japan.
Things that make you go Hummmm…
Kyle & Svet
comments always welcome.