Leonid Mikhelson, the head of Russia's Novatek said on Jan. 25 that LNG from the United States as its chief threat, Interfax news agency reported.
He said, according to Interfax, that LNG production in the U.S. enjoys cheap financing, while LNG production in Russia has a competitive edge thanks to its low production costs.
Qatar is the world's biggest LNG producer.
Energy companies are flooding Europe with U.S. natural gas, establishing a foothold in a market dominated by Russia and seen as a key battleground in Washington's efforts to curb Moscow's energy influence.
2022-06-24 - Chevron, currently based in San Ramon, California, is expected to shift its headquarters to the new site during the third quarter of 2023.
2022-05-02 - Earlier in April, the government set out plans to scale up domestic sources of affordable, clean and secure energy and a new licensing round for North Sea oil and gas.
2022-05-20 - Norwegian oil drilling labor unions move closer to strike action as they seek a state-appointed mediator, with talks of a potential strike resuming at a later date.
2022-05-25 - Before Russia’s invasion of Ukraine earlier this year that spurred the exit, Equinor’s petroleum production in Russia had stood at some 25,000 boe/d, a relatively small part of its overall production of around 2 million boe/d.
2022-06-24 - The payments only relate to BP’s upstream operations in the country and do not include other corporate taxes such as its retail business.