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.
2022-05-20 - Baker Hughes said that puts the total rig count up 273, or 60%, over this time last year.
2022-05-20 - New technology developed by Ashtead Technology and Hydromea utilizing high bandwidth optical data telemetry is proving to be a game changer for remote subsea structure monitoring systems.
2022-05-19 - The discovery includes 500 million barrels of oil from an exploration well in the field.
2022-05-19 - Private operators will be a significant driver of the record growth as they have reacted quickly to the elevated market, increasing activity and output.
2022-05-19 - Ecopetrol will take a 40% stake in the blocks while Occidental Petroleum subsidiary Anadarko Colombia Co. will have a 60% stake and will serve as the blocks’ operator, Ecopetrol said.