"Due to its environmental characteristics and developed infrastructure, consumption is expected by 2030, the volume of the LNG market will reach about 750-800 billion cubic meters," Mikhelson stated at a session of the Eurasian Economic Forum.
The global demand for LNG will grow and only three countries — Qatar, Russia and the United States — will be able to provide it, the CEO said.
Commenting on the latest US sanctions against the Arctic LNG 2 project, Mikhelson stressed that the fact that sanctions were imposed against Russia's project is a testament to its significance, adding that the fewer projects there are, the higher the prices will be.