Contracts of Russia and China to make 95% of Global LNG projects unprofitable

The expansion of the energy connections between Russia and China puts under threat the periods of realization of a number of LNG projects around the world, including the USA, Canada and Australia which aimed at the Asian market, Interfax reports referring to the analysts of the consulting company Tri-Zen International Inc.

Russia,is the largest exporter of energy products in the world, China – the largest consumer of them, by their agreements strengthen the pressure on the international LNG-projects which have already faced a number of difficulties, including the growth of competition prime cost of production and forecasts of a price fall.