Indian Oil & gas companies have been offered stake in Yamal LNG project by Russia

India: Russia has offered Indian firms a stake in the second phase of JSC Yamal LNG project, in which Russia holds almost 50% stakes. The project includes the development of the South-Tambeyskoye field having proven deposits of 1.3 trillion cubic meters (tcm) of natural gas and the construction of natural gas liquefaction plant (LNG) for producing 16.5MT of LNG per year by 2017.
TechSci Research predicts that with the growing technological advancements in the recovery of natural gas through unconventional means, which include shale gas, synthetic coal-to-gas, coalbed methane and tight gas, huge demand for natural gas compressors is anticipated to be registered across the globe over the next five years. Backed by growing consumption of natural gas, the demand for natural gas compressors is further anticipated to grow at a robust pace over the next five years. Increasing upstream, midstream and downstream applications, are some of the major factors expected to boost the natural gas compressors demand in Russia during 2016-2021. In the recent years, majority of the upstream and midstream companies are inclining towards dynamic compressors due to their higher efficiency and low maintenance compared to positive displacement compressors.            

According to TechSci Research report, “Global Natural Gas Compressors Market By Technology, By Application, By Region, Competition Forecast and Opportunities, 2011 - 2021”, the global natural gas compressors market is anticipated to cross USD 5.5 billion by 2021. Backed by growing consumption of natural gas, the demand for natural gas compressors is anticipated to grow at a robust pace over the next five years. Moreover, increasing upstream, midstream and downstream applications, expanding city gas distribution and replacement of aging compressors are some of the other major factors expected to boost the global natural gas compressors market during 2016-2021.