Russian Deputy Prime Minister Novak stated on the 25th that due to sanctions, Russia's plan to achieve an annual production of 100 million tons of LNG has been postponed for several years, with the goal of reaching 100 million tons of production by 2030.
Russia has postponed its LNG production target until 2030 due to sanctions, which may lead to a slowdown in global supply growth, reduce market spot supply pressure, and thus push up spot prices. Reason: Russia is one of the world's major LNG producing countries, and delays in production plans will weaken medium - to long-term supply expectations, which is positive for price increases. However, the impact is not immediate, so the rating is generally strong positive.
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