세계 LNG 시장의 변화와 러시아의 도전

Changes in the global LNG market and Russia s challenges

The purpose of this paper is to examine the global energy market that has caused the rise of LNG and to predict future global energy market changes. The global LNG market has undergone structural changes since 2017. With the participation of the United States and Russia, LNG production is expanding significantly, and oversupply is expected in the future. Although China and other Asian markets, which are leading LNG imports, are the largest importers, there will be no explosive demand growth in the past. LNG importing countries can not afford the current supply in the long run. The long-term victim of the LNG market is likely to be the United States. The United States is hampering the entry of Russian gas into Asian markets to increase domestic LNG exports. The LNG market confrontation between Russia and the US can not be avoided. If LNG is oversupplied, US LNG costly transportation costs will be damaged. Russia regards LNG as the core of next-generation resources and is making national efforts. Russia has succeeded in the YAMAL project in the midst of Western sanctions and is preparing for a large-scale LNG development project in the future. The advantages of Russia are geographical advantages. Russia can also trade in PNG if LNG is not available. Russia s weakness is subject to Western sanctions, so large-scale external financing is inadequate. In addition, it has constraints such as possibility of additional cost due to overlapping investment with PNG, instability of Arctic route, lack of LNG development technology. Russia is pushing for government deregulation and support policies to break through these difficulties.