Russia will crush the market with gas volumes
Russia is able to solve the problem of lower gas prices by increasing production volumes.
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Russian President Vladimir Putin announced this to reporters in Beijing today.
“A field of 2,7 trillion cubic meters of gas has already been discovered in Yamal, now they have increased by 4,2 trillion. Global inventory in just one place. We feel calm and confident. Even prices don’t really scare us, because we will solve all problems with volumes,” Putin said.
He recalled that Russia and China are jointly building a plant for the production of liquefied natural gas in Yamal and intend to supply LNG to the markets of third countries.
Putin also noted that the construction of the Power of Siberia gas pipeline to China is going according to plan, the parties have agreed on all price issues.
Russia will overwhelm the market with gas volumes.