In contrast to the resilience of oil exports, Russia's liquefied natural gas industry faces major challenges that threaten its future ambitions. Western sanctions have imposed severe restrictions on this industry, ranging from the lack of pipeline infrastructure dedicated to exporting liquefied gas, to the heavy reliance on Western companies for liquefaction and transportation technologies.

In addition, it is difficult to find new markets to compensate for the decline in exports to Europe, after it was the first destination for Russian liquefied natural gas exports in 2022.

Rystad Energy forecasts indicate that Russia may fail to achieve its stated goal of producing 100 million tons of liquefied natural gas by 2030, with production likely to reach only 60 million tons.

Despite government efforts to support new projects and the continuation of some Novatek projects in the short term, the future of Russia's LNG industry remains uncertain and full of challenges.

The difficulty in achieving the goals is due to foreign sanctions that hinder the security of ships and long-term contracts, a shortage of pipelines that limit export capacity, and a reliance on Western technology and tools.

However, the Russian economy is making unremitting efforts to develop domestic technology; Novatek develops its own liquefaction technologies, and other Russian companies such as Rosatom contribute to the manufacture of liquefied natural gas equipment.