Reuters: Russia's Yamal LNG Sees Global Liquefied Gas Deficit by 2018

Russia's Yamal LNG project expects the global liquefied natural gas market to move into a deficit by 2018, which will help the country boost its share of the sector.

Yamal LNG, which also has France's Total and China's CNPC as shareholders, said in a prospectus for forthcoming bond issue it was banking on growing demand for LNG, natural gas that has been converted to liquid form for easier storage and transport, in Europe.

"It is expected that European LNG imports will increase to 107 million tonnes in 2025 from 38 million tonnes in 2013," it said, adding that by 2020 the global LNG shortage would reach 50 million tonnes.

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