Look at the map. See those two big blobs called Urengoy and Yamburg? Not too many years ago we were all told that those fields will deplete somewhere around 2025. I have no reason to doubt that – just now nobody wants to know anything about it anymore. Let’s speculate. Let’s assume that what the Russians told us years ago is right. And I have no reason to doubt them. Looks like a big hit to a big producer to me. Shall we be worried here in Europe?
With the startup of the third train at the Novatek-operated Yamal LNG and the lifting of the project’s 100th cargo, Russia is driving forward its ambition to become a bigger player on the global natural gas market.