LNG
With its marketing strategy, the Gazprom Group seeks to diversify its sources of export revenue by expanding its presence in promising gas markets.
One of Gazprom's priorities is to increase the share of liquefied natural gas (LNG) in the Group's export portfolio.
LNG marketing
In 2018, the Gazprom Group's LNG sales reached 3.88 million tons (5.18 billion cubic meters).
LNG sales by Gazprom Group| Year ended December 31 | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2014 | 2015 | 2016 | 2017 | 2018 | ||||
| million BTU | ||||||||
| Argentina | 41,106,666 | 16,178,574 | 19,703,171 | – | – | |||
| China | 6,633,380 | 6,604,157 | 3,374,830 | 29,426,835 | 29,159,927 | |||
| Egypt | – | 3,417,600 | 3,415,673 | – | – | |||
| India | – | 18,670,569 | 22,742,199 | 9,911,553 | 36,100,075 | |||
| Japan | 49,164,207 | 78,072,386 | 78,549,220 | 56,900,585 | 29,667,398 | |||
| Kuwait | 2,953,290 | 3,302,940 | 3,290,560 | 16,945,230 | 20,072,378 | |||
| Malaysia | 6,513,303 | – | – | – | – | |||
| Mexico | – | – | 6,519,570 | – | – | |||
| South Korea | 36,193,511 | 26,480,466 | 3,324,750 | 13,235,029 | 26,402,240 | |||
| Spain | – | – | – | 6,459,153 | 2,945,511 | |||
| Taiwan (China) | – | 9,882,660 | 26,006,510 | 19,820,160 | 19,257,270 | |||
| Thailand | – | – | – | 3,307,565 | – | |||
| UAE | – | – | 6,532,551 | 3,145,740 | – | |||
| LNG supplied on FOB terms | 17,082,562 | 6,998,912 | 3,015,033 | – | 21,385,385 | |||
| Total | 159,646,919 | 169,608,265 | 176,474,067 | 159,151,850 | 184,990,184 | |||
| incl. LNG from Sakhalin II | 53,075,050 | 86,049,604 | 59,443,050 | 72,894,365 | 70,068,095 | |||
| Total, million tons | 3.35 | 3.56 | 3.71 | 3.34 | 3.88 | |||
| Total, billion cubic meters | 4.47 | 4.75 | 4.94 | 4.46 | 5.18 | |||