<p>Russia&rsquo;s Arctic LNG projects have among the lowest production costs in the world. Several new plants are planned, to add to Yamal LNG, which was completed in 2017, and Arctic LNG 2, which should begin production in 2023. The low costs may provide an advantage for Arctic projects as they compete for funds with other liquefaction projects, as will Russia&rsquo;s target of a 20% share of the global LNG market by 2030.</p>
