{"id":1375,"date":"2026-01-16T10:35:00","date_gmt":"2026-01-16T10:35:00","guid":{"rendered":"https:\/\/projectfifty4.com\/?p=1375"},"modified":"2026-04-20T00:10:13","modified_gmt":"2026-04-20T00:10:13","slug":"the-great-asian-lng-paradox-why-demand-is-faltering-and-what-it-means-for-global-gas-strategy","status":"publish","type":"post","link":"https:\/\/projectfifty4.com\/ru\/the-great-asian-lng-paradox-why-demand-is-faltering-and-what-it-means-for-global-gas-strategy\/","title":{"rendered":"\u0412\u0435\u043b\u0438\u043a\u0438\u0439 \u0430\u0437\u0438\u0430\u0442\u0441\u043a\u0438\u0439 \u0421\u041f\u0413-\u043f\u0430\u0440\u0430\u0434\u043e\u043a\u0441: \u043f\u043e\u0447\u0435\u043c\u0443 \u0441\u043f\u0440\u043e\u0441 \u043f\u0430\u0434\u0430\u0435\u0442 \u0438 \u0447\u0442\u043e \u044d\u0442\u043e \u0437\u043d\u0430\u0447\u0438\u0442 \u0434\u043b\u044f \u0433\u043b\u043e\u0431\u0430\u043b\u044c\u043d\u043e\u0439 \u0433\u0430\u0437\u043e\u0432\u043e\u0439 \u0441\u0442\u0440\u0430\u0442\u0435\u0433\u0438\u0438"},"content":{"rendered":"
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The global narrative around Liquefied Natural Gas (LNG) has been simple: Asia is the engine of growth, an insatiable market that will absorb every molecule the West can supply. This has underpinned final investment decisions (FIDs) for billions of pounds worth of liquefaction capacity worldwide. However, recent data suggests a starkly different, and far more complex, reality is unfolding. Asia’s LNG demand is poised to experience a significant contraction in 2025, a development that must be urgently addressed in every boardroom from London to Singapore.<\/span><\/p>

Challenging the Bullish Consensus<\/b><\/h4>

The International Energy Agency (IEA) and other bodies have consistently projected Asia to account for half of all global natural gas consumption growth. Yet, the latest figures indicate that the region\u2019s LNG demand is set to fall by around $5\\%$ this year. For C-suite executives, this is a red flag. It\u2019s not merely a cyclic downturn; it suggests structural shifts in market behaviour that challenge the core assumptions built into long-term investment models.<\/span><\/p>

The largest contributor to this surprising contraction is, predictably, China. Escalating geopolitical tensions, coupled with the imperative for absolute energy security, have spurred Beijing to drastically reinforce its domestic energy base. China’s LNG imports have fallen by a reported $16\\%$. This is being achieved through a multi-pronged approach: increased domestic gas production, greater reliance on pipeline imports from Eurasia, and aggressive, state-backed deployment of solar and wind power. For business development managers banking on exponential growth in China, this pivot towards indigenous sources is a fundamental re-rating of their market opportunity.<\/span><\/p>

Beyond China: A Region-Wide Pattern<\/b><\/h4>

Crucially, the demand faltering is not limited to just China. Key emerging markets are also demonstrating significant price sensitivity, a trend often underestimated by suppliers focusing on long-term fixed contracts.<\/span><\/p>

  • Pakistan<\/b>, once heralded as a prime growth market, is increasingly sidelining LNG in its national energy strategy due to years of unaffordable import costs. An unexpected boom in small-scale residential and commercial solar installations is displacing gas-fired power generation, demonstrating that decentralised, renewable energy solutions are now directly competing with centralised LNG imports.<\/span><\/li>
  • Japan<\/b>, despite being one of the most mature LNG markets, is also seeing a moderate decline in consumption. This is a direct consequence of restarting idled nuclear reactors and the continuing build-out of its renewable energy portfolio, reducing the reliance on gas as a transition fuel.<\/span><\/li><\/ul>

    These regional examples underscore a vital lesson for executives: the perceived inelasticity of Asian LNG demand, especially in the spot market, is a fallacy. Consumers and policymakers <\/span>will<\/span><\/i> switch fuels, and they <\/span>will<\/span><\/i> delay projects if the economics do not align with their national priorities.<\/span><\/p>

    Actionable Insights for Strategy and Investment<\/b><\/h4>

    What does this paradox mean for the C-suite in charge of global strategy and the business development teams tasked with securing future revenue? It necessitates an immediate re-evaluation of three key areas:<\/span><\/p>

    1. Contractual Flexibility:<\/b> The market clearly favours flexibility. Producers must move beyond rigid, long-term, destination-restricted contracts. New deals must incorporate provisions for price reviews that are more responsive to regional spot market realities and allow for greater destination flexibility, enabling buyers to trade cargoes and mitigate their own price risk. This shared risk approach will be essential for locking in the next generation of Asian buyers.<\/span><\/li>
    2. The “Energy Security” Premium:<\/b> Geopolitics has re-entered the equation with force. National Oil Companies (NOCs) and state utilities are increasingly willing to pay a premium, or accept a different energy source altogether, if it improves supply certainty and reduces dependence on distant, politically exposed suppliers. Business development should be leveraging partnerships, joint ventures, and technology transfer that directly support the buyer\u2019s domestic energy independence objectives, shifting the conversation from a simple commodity transaction to a strategic national partnership.<\/span><\/li>
    3. Integrating the Transition:<\/b> This drop in LNG demand is intrinsically linked to the parallel rise of renewables. Executives must acknowledge that LNG’s bridge fuel role is becoming shorter and more contested. Future gas projects must be planned with robust, bankable pathways for decarbonisation, such as integration with Carbon Capture and Storage (CCS) or the eventual blending with hydrogen. Projects that ignore the accelerating <\/span>and<\/span><\/i> price-competitive transition risk becoming stranded assets far sooner than current models predict.<\/span><\/li><\/ol>

      In conclusion, the Asian LNG market is transitioning from a story of simple, voracious growth to one of sophisticated, strategic diversification. Success in this evolving landscape will hinge not on optimistically projecting past trends, but on a pragmatic and agile strategy that embraces contractual innovation, aligns with national energy security goals, and integrates the growing competition from an increasingly cost-effective renewables sector. This is not the end of Asian gas demand, but it is certainly the end of business as usual.<\/span><\/p>

      The contrasting fortunes of two major deals\u2014Saudi Aramco\u2019s increased stake in MidOcean Energy and ADNOC\u2019s withdrawal from the Santos acquisition\u2014mark a definitive pivot in the region’s corporate strategy. We are moving from an era of unchecked asset accumulation to one of tactical, risk-adjusted partnerships.<\/span><\/p>

      \u0421\u0442\u0435\u043d\u0430 \u0421\u0430\u043d\u0442\u043e\u0441\u0430: \u041e\u0446\u0435\u043d\u043a\u0430 \u0438 \u0440\u0435\u0433\u0443\u043b\u0438\u0440\u043e\u0432\u0430\u043d\u0438\u0435<\/b><\/h3>

      \u041e\u0442\u0437\u044b\u0432 <\/span>$19 \u043c\u043b\u0440\u0434.<\/b> \u041f\u0440\u0435\u0434\u043b\u043e\u0436\u0435\u043d\u0438\u0435 \u043e \u043f\u043e\u043a\u0443\u043f\u043a\u0435 \u0430\u0432\u0441\u0442\u0440\u0430\u043b\u0438\u0439\u0441\u043a\u043e\u0439 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438 Santos Ltd \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0435\u0439 XRG (\u0434\u043e\u0447\u0435\u0440\u043d\u0435\u0439 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0435\u0439 ADNOC) \u0438 \u0435\u0435 \u043f\u0430\u0440\u0442\u043d\u0435\u0440\u0430\u043c\u0438 \u043f\u043e \u043a\u043e\u043d\u0441\u043e\u0440\u0446\u0438\u0443\u043c\u0443 \u0441\u0442\u0430\u043b\u043e \u0441\u0430\u043c\u043e\u0439 \u0437\u043d\u0430\u0447\u0438\u0442\u0435\u043b\u044c\u043d\u043e\u0439 \u043a\u043e\u0440\u0440\u0435\u043a\u0446\u0438\u0435\u0439 M&A \u0432 2025 \u0433\u043e\u0434\u0443. \u0425\u043e\u0442\u044f \u043e\u0444\u0438\u0446\u0438\u0430\u043b\u044c\u043d\u043e \u0441\u0434\u0435\u043b\u043a\u0430 \u043e\u0431\u044a\u044f\u0441\u043d\u044f\u0435\u0442\u0441\u044f \u201c\u043a\u043e\u043c\u043c\u0435\u0440\u0447\u0435\u0441\u043a\u0438\u043c\u0438 \u0440\u0430\u0437\u043d\u043e\u0433\u043b\u0430\u0441\u0438\u044f\u043c\u0438\u201d \u043f\u043e \u043f\u043e\u0432\u043e\u0434\u0443 \u043e\u0446\u0435\u043d\u043a\u0438, \u043e\u043d\u0430 \u0441\u0442\u043e\u043b\u043a\u043d\u0443\u043b\u0430\u0441\u044c \u0441 \u0441\u0435\u0440\u044c\u0435\u0437\u043d\u044b\u043c\u0438 \u043f\u0440\u0435\u043f\u044f\u0442\u0441\u0442\u0432\u0438\u044f\u043c\u0438, \u043a\u043e\u0442\u043e\u0440\u044b\u0435 \u0434\u043e\u043b\u0436\u0435\u043d \u043f\u0440\u0438\u0437\u043d\u0430\u0442\u044c \u043a\u0430\u0436\u0434\u044b\u0439 \u043b\u0438\u0434\u0435\u0440 BD \u0432 \u0440\u0435\u0433\u0438\u043e\u043d\u0435.<\/span><\/p>

      • \u0422\u0440\u0435\u043d\u0438\u044f \u0432 \u0441\u0444\u0435\u0440\u0435 \u0440\u0435\u0433\u0443\u043b\u0438\u0440\u043e\u0432\u0430\u043d\u0438\u044f:<\/b> \u041f\u0440\u0438\u043e\u0431\u0440\u0435\u0442\u0435\u043d\u0438\u0435 \u0441\u0442\u0440\u0430\u0442\u0435\u0433\u0438\u0447\u0435\u0441\u043a\u043e\u0433\u043e \u043d\u0430\u0446\u0438\u043e\u043d\u0430\u043b\u044c\u043d\u043e\u0433\u043e \u0430\u043a\u0442\u0438\u0432\u0430 \u0432 \u044e\u0440\u0438\u0441\u0434\u0438\u043a\u0446\u0438\u0438 \u043f\u0435\u0440\u0432\u043e\u0433\u043e \u0443\u0440\u043e\u0432\u043d\u044f, \u0442\u0430\u043a\u043e\u0439 \u043a\u0430\u043a \u0410\u0432\u0441\u0442\u0440\u0430\u043b\u0438\u044f, \u0441\u0442\u0430\u043d\u043e\u0432\u0438\u0442\u0441\u044f \u0432\u0441\u0435 \u0431\u043e\u043b\u0435\u0435 \u0441\u043b\u043e\u0436\u043d\u043e\u0439 \u0437\u0430\u0434\u0430\u0447\u0435\u0439 \u0434\u043b\u044f \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0439, \u043f\u043e\u0434\u0434\u0435\u0440\u0436\u0438\u0432\u0430\u0435\u043c\u044b\u0445 \u0433\u043e\u0441\u0443\u0434\u0430\u0440\u0441\u0442\u0432\u043e\u043c. \u041f\u0440\u043e\u0432\u0435\u0440\u043a\u0438 \u0441\u043e \u0441\u0442\u043e\u0440\u043e\u043d\u044b \u0441\u043e\u0432\u0435\u0442\u043e\u0432 \u043f\u043e \u043a\u043e\u043d\u0442\u0440\u043e\u043b\u044e \u0437\u0430 \u0438\u043d\u043e\u0441\u0442\u0440\u0430\u043d\u043d\u044b\u043c\u0438 \u0438\u043d\u0432\u0435\u0441\u0442\u0438\u0446\u0438\u044f\u043c\u0438 \u0443\u0441\u0438\u043b\u0438\u0432\u0430\u044e\u0442\u0441\u044f, \u0447\u0442\u043e \u0434\u043e\u0431\u0430\u0432\u043b\u044f\u0435\u0442 \u201c\u043f\u0440\u0435\u043c\u0438\u044e \u0437\u0430 \u043f\u043e\u043b\u0438\u0442\u0438\u0447\u0435\u0441\u043a\u0438\u0439 \u0440\u0438\u0441\u043a\u201d \u043a \u043b\u044e\u0431\u043e\u0439 \u0437\u0430\u044f\u0432\u043a\u0435 \u043d\u0430 \u043f\u043e\u043b\u043d\u043e\u0435 \u043f\u043e\u0433\u043b\u043e\u0449\u0435\u043d\u0438\u0435.<\/span><\/li>
      • \u041e\u043f\u0435\u0440\u0430\u0442\u043e\u0440\u0441\u043a\u0438\u0439 \u0440\u0438\u0441\u043a:<\/b> \u0421\u0442\u0430\u0432 \u043e\u043f\u0435\u0440\u0430\u0442\u043e\u0440\u043e\u043c \u0442\u0430\u043a\u0438\u0445 \u0430\u043a\u0442\u0438\u0432\u043e\u0432, \u043a\u0430\u043a \u0421\u041f\u0413-\u043f\u0440\u043e\u0435\u043a\u0442\u044b Barossa \u0438\u043b\u0438 Gladstone \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438 Santos, \u043c\u043e\u0436\u043d\u043e \u043d\u0430\u043f\u0440\u044f\u043c\u0443\u044e \u0441\u0442\u043e\u043b\u043a\u043d\u0443\u0442\u044c\u0441\u044f \u0441 \u0430\u043a\u0442\u0438\u0432\u0438\u0437\u0430\u0446\u0438\u0435\u0439 \u043c\u0435\u0441\u0442\u043d\u044b\u0445 \u044d\u043a\u043e\u043b\u043e\u0433\u043e\u0432, \u0442\u0440\u0443\u0434\u043e\u0432\u044b\u043c\u0438 \u0441\u043f\u043e\u0440\u0430\u043c\u0438 \u0438 \u0438\u0437\u043c\u0435\u043d\u0435\u043d\u0438\u044f\u043c\u0438 \u043d\u0430\u043b\u043e\u0433\u043e\u0432\u043e\u0433\u043e \u0440\u0435\u0436\u0438\u043c\u0430. \u0414\u043b\u044f \u041d\u041d\u041a \u0441\u0442\u0440\u0430\u043d \u041f\u0435\u0440\u0441\u0438\u0434\u0441\u043a\u043e\u0433\u043e \u0437\u0430\u043b\u0438\u0432\u0430 \u044d\u0442\u0430 \u043e\u043f\u0435\u0440\u0430\u0446\u0438\u043e\u043d\u043d\u0430\u044f \u043d\u0430\u0433\u0440\u0443\u0437\u043a\u0430 \u043c\u043e\u0436\u0435\u0442 \u043f\u0435\u0440\u0435\u0432\u0435\u0441\u0438\u0442\u044c \u0441\u0442\u0440\u0430\u0442\u0435\u0433\u0438\u0447\u0435\u0441\u043a\u0443\u044e \u0446\u0435\u043d\u043d\u043e\u0441\u0442\u044c \u0437\u0430\u043f\u0430\u0441\u043e\u0432.<\/span><\/li><\/ul>

        \u041c\u043e\u0434\u0435\u043b\u044c \u0441\u0440\u0435\u0434\u0438\u043d\u043d\u043e\u0433\u043e \u043e\u043a\u0435\u0430\u043d\u0430: \u0418\u0433\u0440\u0430 \u0441 \u043f\u0440\u043e\u043a\u0441\u0438<\/b><\/h3>

        Contrast this with Saudi Aramco\u2019s approach. By increasing its stake in <\/span>MidOcean Energy to 49%<\/b>, Aramco is essentially effectively “outsourcing” its M&A engine.<\/span><\/p>

        MidOcean, managed by institutional investor EIG, acts as a specialized vehicle. It acquires the assets (like interests in four Australian LNG projects and Peru LNG), manages the regulatory approvals, and handles the operational partnerships. Aramco, as the major shareholder:<\/span><\/p>

        1. \u041e\u0431\u0435\u0441\u043f\u0435\u0447\u0438\u0432\u0430\u0435\u0442 \u043e\u0444\u0444\u0442\u0435\u0439\u043a:<\/b> \u041f\u043e\u043b\u0443\u0447\u0435\u043d\u0438\u0435 \u0434\u043e\u0441\u0442\u0443\u043f\u0430 \u043a \u043e\u0431\u044a\u0435\u043c\u0430\u043c \u0421\u041f\u0413 \u0434\u043b\u044f \u0441\u0432\u043e\u0435\u0433\u043e \u0440\u0430\u0441\u0442\u0443\u0449\u0435\u0433\u043e \u0442\u043e\u0440\u0433\u043e\u0432\u043e\u0433\u043e \u043f\u043e\u0434\u0440\u0430\u0437\u0434\u0435\u043b\u0435\u043d\u0438\u044f.<\/span><\/li>
        2. \u041f\u0440\u0435\u0434\u0435\u043b\u044c\u043d\u043e\u0435 \u0432\u043e\u0437\u0434\u0435\u0439\u0441\u0442\u0432\u0438\u0435:<\/b> \u0418\u0437\u0431\u0435\u0436\u0430\u0442\u044c \u043f\u0440\u044f\u043c\u043e\u0433\u043e \u044f\u0440\u043b\u044b\u043a\u0430 \u201c\u0441\u0443\u0432\u0435\u0440\u0435\u043d\u043d\u043e\u0433\u043e \u043f\u043e\u043a\u0443\u043f\u0430\u0442\u0435\u043b\u044f\u201d, \u043a\u043e\u0442\u043e\u0440\u044b\u0439 \u0443\u0441\u043b\u043e\u0436\u043d\u044f\u0435\u0442 \u0441\u0434\u0435\u043b\u043a\u0438 \u043d\u0430 \u0437\u0430\u043f\u0430\u0434\u043d\u044b\u0445 \u0440\u044b\u043d\u043a\u0430\u0445.<\/span><\/li>
        3. \u042d\u0444\u0444\u0435\u043a\u0442\u0438\u0432\u043d\u043e\u0435 \u0438\u0441\u043f\u043e\u043b\u044c\u0437\u043e\u0432\u0430\u043d\u0438\u0435 \u043a\u0430\u043f\u0438\u0442\u0430\u043b\u0430:<\/b> \u041f\u043e\u043b\u0443\u0447\u0435\u043d\u0438\u0435 \u0434\u043e\u0441\u0442\u0443\u043f\u0430 \u043a \u043d\u0435\u0441\u043a\u043e\u043b\u044c\u043a\u0438\u043c \u0433\u0435\u043e\u0433\u0440\u0430\u0444\u0438\u0447\u0435\u0441\u043a\u0438\u043c \u0440\u0435\u0433\u0438\u043e\u043d\u0430\u043c (\u041b\u0430\u0442\u0438\u043d\u0441\u043a\u0430\u044f \u0410\u043c\u0435\u0440\u0438\u043a\u0430 \u0438 \u0410\u0437\u0438\u0430\u0442\u0441\u043a\u043e-\u0422\u0438\u0445\u043e\u043e\u043a\u0435\u0430\u043d\u0441\u043a\u0438\u0439 \u0440\u0435\u0433\u0438\u043e\u043d) \u0437\u0430 \u0434\u043e\u043b\u044e \u0441\u0442\u043e\u0438\u043c\u043e\u0441\u0442\u0438 \u043f\u043e\u0433\u043b\u043e\u0449\u0435\u043d\u0438\u044f \u043e\u0434\u043d\u043e\u0439 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0438.<\/span><\/li><\/ol>

          \u0421\u0442\u0440\u0430\u0442\u0435\u0433\u0438\u0447\u0435\u0441\u043a\u0438\u0435 \u0434\u0440\u0430\u0439\u0432\u0435\u0440\u044b: \u041e\u0431\u044a\u0435\u043c \u0432\u043c\u0435\u0441\u0442\u043e \u0442\u0449\u0435\u0441\u043b\u0430\u0432\u0438\u044f<\/b><\/h3>

          This shift is driven by a fundamental realization: <\/span>You don’t need to own the well to trade the gas.<\/b><\/p>

          For MENA executives, this signals a change in the flow of outbound capital. The “Checkbook Diplomacy” of buying entire companies is fading. It is being replaced by sophisticated joint ventures, equity-light offtake agreements, and investments in agile midstream vehicles.<\/span><\/p>

          \u041e\u0441\u043d\u043e\u0432\u043d\u044b\u0435 \u0432\u044b\u0432\u043e\u0434\u044b \u0434\u043b\u044f \u0440\u0430\u0437\u0432\u0438\u0442\u0438\u044f \u0431\u0438\u0437\u043d\u0435\u0441\u0430:<\/b><\/p>

          • \u0426\u0435\u043b\u044c - \u0442\u0440\u0430\u043d\u0441\u043f\u043e\u0440\u0442\u043d\u043e\u0435 \u0441\u0440\u0435\u0434\u0441\u0442\u0432\u043e, \u0430 \u043d\u0435 \u0430\u043a\u0442\u0438\u0432:<\/b> \u0415\u0441\u043b\u0438 \u0432\u044b \u043f\u0440\u043e\u0434\u0430\u0435\u0442\u0435 \u043d\u0430 \u044d\u0442\u043e\u043c \u0440\u044b\u043d\u043a\u0435, \u0441\u0442\u0440\u0443\u043a\u0442\u0443\u0440\u0438\u0440\u0443\u0439\u0442\u0435 \u0441\u0432\u043e\u0438 \u0441\u0434\u0435\u043b\u043a\u0438 \u043a\u0430\u043a \u043f\u0430\u0440\u0442\u043d\u0435\u0440\u0441\u0442\u0432\u043e \u0438\u043b\u0438 \u0432\u043e\u0437\u043c\u043e\u0436\u043d\u043e\u0441\u0442\u044c \u043c\u0438\u043d\u043e\u0440\u0438\u0442\u0430\u0440\u043d\u043e\u0433\u043e \u0443\u0447\u0430\u0441\u0442\u0438\u044f, \u0430 \u043d\u0435 \u043a\u0430\u043a \u043f\u043e\u043b\u043d\u0443\u044e \u043f\u0440\u043e\u0434\u0430\u0436\u0443.<\/span><\/li>
          • \u0422\u043e\u0440\u0433\u043e\u0432\u044b\u0439 \u0441\u0442\u043e\u043b - \u043a\u043e\u0440\u043e\u043b\u044c:<\/b> \u041a\u043e\u043d\u0435\u0447\u043d\u043e\u0439 \u0446\u0435\u043b\u044c\u044e ADNOC \u0438 Aramco \u044f\u0432\u043b\u044f\u0435\u0442\u0441\u044f \u043f\u043e\u0434\u043f\u0438\u0442\u043a\u0430 \u0438\u0445 \u0442\u043e\u0440\u0433\u043e\u0432\u044b\u0445 \u043f\u043e\u0434\u0440\u0430\u0437\u0434\u0435\u043b\u0435\u043d\u0438\u0439. \u041b\u044e\u0431\u0430\u044f \u0441\u0434\u0435\u043b\u043a\u0430, \u043f\u0440\u0438\u043d\u043e\u0441\u044f\u0449\u0430\u044f \u0433\u0438\u0431\u043a\u0438\u0435 \u043e\u0431\u044a\u0435\u043c\u044b \u0421\u041f\u0413 (\u0433\u0440\u0443\u0437\u044b \u0431\u0435\u0437 \u043d\u0430\u0437\u043d\u0430\u0447\u0435\u043d\u0438\u044f), \u0431\u0443\u0434\u0435\u0442 \u043f\u0440\u0438\u043e\u0440\u0438\u0442\u0435\u0442\u043d\u0435\u0435 \u043f\u0440\u0438\u043e\u0431\u0440\u0435\u0442\u0435\u043d\u0438\u0439 \u0444\u0438\u043a\u0441\u0438\u0440\u043e\u0432\u0430\u043d\u043d\u044b\u0445 \u0430\u043a\u0442\u0438\u0432\u043e\u0432.<\/span><\/li>
          • \u042e\u0440\u0438\u0441\u0434\u0438\u043a\u0446\u0438\u044f \u0438\u043c\u0435\u0435\u0442 \u0437\u043d\u0430\u0447\u0435\u043d\u0438\u0435:<\/b> \u041e\u0436\u0438\u0434\u0430\u0435\u0442\u0441\u044f, \u0447\u0442\u043e \u043a\u0430\u043f\u0438\u0442\u0430\u043b \u0431\u0443\u0434\u0435\u0442 \u0443\u0445\u043e\u0434\u0438\u0442\u044c \u043e\u0442 \u201c\u0441\u043b\u043e\u0436\u043d\u044b\u0445\u201d \u0443\u0441\u043b\u043e\u0432\u0438\u0439 \u0440\u0435\u0433\u0443\u043b\u0438\u0440\u043e\u0432\u0430\u043d\u0438\u044f (\u043d\u0430\u043f\u0440\u0438\u043c\u0435\u0440, \u0430\u0432\u0441\u0442\u0440\u0430\u043b\u0438\u0439\u0441\u043a\u0438\u0445 \u0441\u043b\u0438\u044f\u043d\u0438\u0439 \u0438 \u043f\u043e\u0433\u043b\u043e\u0449\u0435\u043d\u0438\u0439) \u0432 \u0441\u0442\u043e\u0440\u043e\u043d\u0443 \u0431\u043e\u043b\u0435\u0435 \u0442\u0440\u0430\u043d\u0437\u0430\u043a\u0446\u0438\u043e\u043d\u043d\u044b\u0445 \u0440\u044b\u043d\u043a\u043e\u0432 \u0438\u043b\u0438 \u0440\u0430\u0441\u0448\u0438\u0440\u0435\u043d\u0438\u044f \u0437\u0440\u0435\u043b\u044b\u0445 \u043c\u0435\u0441\u0442\u043e\u0440\u043e\u0436\u0434\u0435\u043d\u0438\u0439 \u043d\u0430 \u043f\u043e\u0431\u0435\u0440\u0435\u0436\u044c\u0435 \u041c\u0435\u043a\u0441\u0438\u043a\u0430\u043d\u0441\u043a\u043e\u0433\u043e \u0437\u0430\u043b\u0438\u0432\u0430 \u0432 \u0421\u0428\u0410, \u0433\u0434\u0435 \u0433\u043b\u0430\u0432\u043d\u044b\u043c \u044f\u0432\u043b\u044f\u0435\u0442\u0441\u044f \u0444\u0438\u043d\u0430\u043d\u0441\u0438\u0440\u043e\u0432\u0430\u043d\u0438\u0435 \u0437\u0430 \u0441\u0447\u0435\u0442 \u043f\u043e\u0441\u0442\u0430\u0432\u043e\u043a.<\/span><\/li><\/ul>

            The failure of the Santos deal is not a retreat; it is a refinement. The Gulf\u2019s capital is still looking for a home in the global gas market, but the terms of engagement have strictly changed.<\/span><\/p>

            \u0414\u043b\u044f \u0440\u0443\u043a\u043e\u0432\u043e\u0434\u0438\u0442\u0435\u043b\u0435\u0439 \u044d\u043d\u0435\u0440\u0433\u0435\u0442\u0438\u0447\u0435\u0441\u043a\u0438\u0445 \u043a\u043e\u043c\u043f\u0430\u043d\u0438\u0439, \u0440\u0430\u0431\u043e\u0442\u0430\u044e\u0449\u0438\u0445 \u0432 \u0440\u0435\u0433\u0438\u043e\u043d\u0435, \u044d\u0442\u043e \u043f\u0440\u043e\u0442\u0438\u0432\u043e\u0441\u0442\u043e\u044f\u043d\u0438\u0435 - \u043d\u0435 \u043f\u0440\u043e\u0441\u0442\u043e \u0434\u0438\u043f\u043b\u043e\u043c\u0430\u0442\u0438\u0447\u0435\u0441\u043a\u0430\u044f \u043f\u0435\u0440\u0435\u043f\u0430\u043b\u043a\u0430; \u044d\u0442\u043e \u0441\u0443\u0449\u0435\u0441\u0442\u0432\u0435\u043d\u043d\u044b\u0439 \u0441\u0431\u043e\u0439 \u0432 \u0440\u0430\u0431\u043e\u0442\u0435 <\/span>\u0441\u043f\u0440\u043e\u0441\/\u043f\u0440\u0435\u0434\u043b\u043e\u0436\u0435\u043d\u0438\u0435<\/b> \u0431\u0430\u043b\u0430\u043d\u0441 \u0421\u0435\u0432\u0435\u0440\u043d\u043e\u0439 \u0410\u0444\u0440\u0438\u043a\u0438 \u0438 \u0441\u0438\u0433\u043d\u0430\u043b \u043e \u0442\u043e\u043c, \u0447\u0442\u043e \u0433\u0435\u043e\u043f\u043e\u043b\u0438\u0442\u0438\u0447\u0435\u0441\u043a\u0438\u0439 \u0440\u0438\u0441\u043a \u0437\u0430\u0441\u0442\u0430\u0432\u043b\u044f\u0435\u0442 \u043f\u0435\u0440\u0435\u0441\u043c\u043e\u0442\u0440\u0435\u0442\u044c \u0446\u0435\u043d\u0443 \u0440\u0435\u0433\u0438\u043e\u043d\u0430\u043b\u044c\u043d\u044b\u0445 \u0438\u043d\u0444\u0440\u0430\u0441\u0442\u0440\u0443\u043a\u0442\u0443\u0440\u043d\u044b\u0445 \u0430\u043a\u0442\u0438\u0432\u043e\u0432.<\/span><\/p>

            \u041a\u043e\u043d\u0442\u0435\u043a\u0441\u0442: \u041b\u043e\u0432\u0443\u0448\u043a\u0430 \u0432\u0437\u0430\u0438\u043c\u043e\u0437\u0430\u0432\u0438\u0441\u0438\u043c\u043e\u0441\u0442\u0438<\/b><\/h3>

            \u0421\u0434\u0435\u043b\u043a\u0430, \u043e \u043a\u043e\u0442\u043e\u0440\u043e\u0439 \u0438\u0434\u0435\u0442 \u0440\u0435\u0447\u044c, \u0431\u044b\u043b\u0430 \u043f\u0440\u0438\u0437\u0432\u0430\u043d\u0430 \u0440\u0435\u0448\u0438\u0442\u044c \u0441\u0440\u0430\u0437\u0443 \u0434\u0432\u0435 \u043f\u0440\u043e\u0431\u043b\u0435\u043c\u044b. \u0423 \u0418\u0437\u0440\u0430\u0438\u043b\u044f \u0438\u0437\u0431\u044b\u0442\u043e\u043a \u0433\u0430\u0437\u0430 \u0438 \u043e\u0433\u0440\u0430\u043d\u0438\u0447\u0435\u043d\u043d\u044b\u0435 \u044d\u043a\u0441\u043f\u043e\u0440\u0442\u043d\u044b\u0435 \u043c\u0430\u0440\u0448\u0440\u0443\u0442\u044b (\u043d\u0435\u0442 \u0441\u043e\u0431\u0441\u0442\u0432\u0435\u043d\u043d\u044b\u0445 \u043c\u043e\u0449\u043d\u043e\u0441\u0442\u0435\u0439 \u043f\u043e \u043f\u0440\u043e\u0438\u0437\u0432\u043e\u0434\u0441\u0442\u0432\u0443 \u0421\u041f\u0413). \u0423 \u0415\u0433\u0438\u043f\u0442\u0430 \u0434\u0435\u0444\u0438\u0446\u0438\u0442 \u0433\u0430\u0437\u0430, \u0440\u0430\u0441\u0442\u0443\u0449\u0438\u0439 \u0432\u043d\u0443\u0442\u0440\u0435\u043d\u043d\u0438\u0439 \u0441\u043f\u0440\u043e\u0441 \u043d\u0430 \u044d\u043b\u0435\u043a\u0442\u0440\u043e\u044d\u043d\u0435\u0440\u0433\u0438\u044e \u0438 \u043f\u0440\u043e\u0441\u0442\u0430\u0438\u0432\u0430\u044e\u0449\u0438\u0435 \u044d\u043a\u0441\u043f\u043e\u0440\u0442\u043d\u044b\u0435 \u043c\u043e\u0449\u043d\u043e\u0441\u0442\u0438 \u0421\u041f\u0413 \u0432 \u0418\u0434\u043a\u0443 \u0438 \u0414\u0430\u043c\u0438\u0435\u0442\u0442\u0435.<\/span><\/p>

            • \u041f\u043b\u0430\u043d:<\/b> \u041a\u043e\u043c\u043f\u0430\u043d\u0438\u044f Chevron \u0438 \u0435\u0435 \u043f\u0430\u0440\u0442\u043d\u0435\u0440\u044b \u043e\u0431\u044f\u0437\u0430\u043b\u0438\u0441\u044c \u0438\u043d\u0432\u0435\u0441\u0442\u0438\u0440\u043e\u0432\u0430\u0442\u044c \u0437\u043d\u0430\u0447\u0438\u0442\u0435\u043b\u044c\u043d\u044b\u0435 \u0441\u0440\u0435\u0434\u0441\u0442\u0432\u0430 \u0432 \u0440\u0430\u0441\u0448\u0438\u0440\u0435\u043d\u0438\u0435 \u0434\u043e\u0431\u044b\u0447\u0438 \u043d\u0430 \u043c\u0435\u0441\u0442\u043e\u0440\u043e\u0436\u0434\u0435\u043d\u0438\u0438 \u041b\u0435\u0432\u0438\u0430\u0444\u0430\u043d \u0438 \u0441\u0442\u0440\u043e\u0438\u0442\u0435\u043b\u044c\u0441\u0442\u0432\u043e \u043d\u043e\u0432\u043e\u0433\u043e \u043c\u043e\u0440\u0441\u043a\u043e\u0433\u043e \u0442\u0440\u0443\u0431\u043e\u043f\u0440\u043e\u0432\u043e\u0434\u0430 (\u043c\u0430\u0440\u0448\u0440\u0443\u0442 \u041d\u0438\u0446\u0430\u043d\u0430), \u0447\u0442\u043e\u0431\u044b \u043e\u0431\u043e\u0439\u0442\u0438 \u0441\u0443\u0449\u0435\u0441\u0442\u0432\u0443\u044e\u0449\u0438\u0435 \u0443\u0437\u043a\u0438\u0435 \u043c\u0435\u0441\u0442\u0430 \u0432 \u0438\u043d\u0444\u0440\u0430\u0441\u0442\u0440\u0443\u043a\u0442\u0443\u0440\u0435.<\/span><\/li>
            • \u0420\u0435\u0430\u043b\u044c\u043d\u043e\u0441\u0442\u044c:<\/b> \u041f\u0440\u0435\u043c\u044c\u0435\u0440-\u043c\u0438\u043d\u0438\u0441\u0442\u0440 \u0418\u0437\u0440\u0430\u0438\u043b\u044f \u041d\u0435\u0442\u0430\u043d\u044c\u044f\u0445\u0443 \u043f\u0440\u0438\u043e\u0441\u0442\u0430\u043d\u043e\u0432\u0438\u043b \u043f\u0440\u043e\u0446\u0435\u0441\u0441 \u043e\u0434\u043e\u0431\u0440\u0435\u043d\u0438\u044f \u0432 \u043a\u043e\u043d\u0446\u0435 2025 \u0433\u043e\u0434\u0430, \u0441\u0432\u044f\u0437\u0430\u0432 \u0433\u0430\u0437\u043e\u0432\u0443\u044e \u0441\u0434\u0435\u043b\u043a\u0443 \u0441 \u0431\u043e\u043b\u0435\u0435 \u0448\u0438\u0440\u043e\u043a\u0438\u043c\u0438 \u043f\u0435\u0440\u0435\u0433\u043e\u0432\u043e\u0440\u0430\u043c\u0438 \u043f\u043e \u0431\u0435\u0437\u043e\u043f\u0430\u0441\u043d\u043e\u0441\u0442\u0438 \u043d\u0430 \u0433\u0440\u0430\u043d\u0438\u0446\u0435 \u0441 \u0441\u0435\u043a\u0442\u043e\u0440\u043e\u043c \u0413\u0430\u0437\u0430 \u0438 \u0421\u0438\u043d\u0430\u0435\u043c.<\/span><\/li><\/ul>

              \u0422\u0430\u043a\u0430\u044f \u043f\u043e\u043b\u0438\u0442\u0438\u0437\u0430\u0446\u0438\u044f \u043f\u043e\u0442\u043e\u043a\u0430 \u043c\u043e\u043b\u0435\u043a\u0443\u043b \u0440\u0430\u0437\u0440\u0443\u0448\u0430\u0435\u0442 \u201c\u043a\u043e\u043c\u043c\u0435\u0440\u0447\u0435\u0441\u043a\u0438\u0439 \u0449\u0438\u0442\u201d, \u043a\u043e\u0442\u043e\u0440\u044b\u0439 \u0432 \u0442\u0435\u0447\u0435\u043d\u0438\u0435 \u043f\u043e\u0441\u043b\u0435\u0434\u043d\u0438\u0445 \u043f\u044f\u0442\u0438 \u043b\u0435\u0442 \u0432 \u0437\u043d\u0430\u0447\u0438\u0442\u0435\u043b\u044c\u043d\u043e\u0439 \u0441\u0442\u0435\u043f\u0435\u043d\u0438 \u0437\u0430\u0449\u0438\u0449\u0430\u043b \u0438\u0437\u0440\u0430\u0438\u043b\u044c\u0441\u043a\u043e-\u0435\u0433\u0438\u043f\u0435\u0442\u0441\u043a\u0443\u044e \u0442\u043e\u0440\u0433\u043e\u0432\u043b\u044e \u0433\u0430\u0437\u043e\u043c \u043e\u0442 \u043f\u043e\u043b\u0438\u0442\u0438\u0447\u0435\u0441\u043a\u043e\u0439 \u043d\u0435\u0441\u0442\u0430\u0431\u0438\u043b\u044c\u043d\u043e\u0441\u0442\u0438.<\/span><\/p>

              \u0420\u0438\u0441\u043a\u0438: \u041a\u0430\u043f\u0438\u0442\u0430\u043b\u044c\u043d\u044b\u0435 \u0437\u0430\u0442\u0440\u0430\u0442\u044b, \u043a\u043e\u043d\u0442\u0440\u0430\u0433\u0435\u043d\u0442\u044b \u0438 \u0434\u043e\u0432\u0435\u0440\u0438\u0435<\/b><\/h3>

              \u041d\u0435\u043f\u043e\u0441\u0440\u0435\u0434\u0441\u0442\u0432\u0435\u043d\u043d\u043e\u0439 \u0436\u0435\u0440\u0442\u0432\u043e\u0439 \u044d\u0442\u043e\u0439 \u043f\u0430\u0443\u0437\u044b \u0441\u0442\u0430\u043b\u043e \u0434\u043e\u0432\u0435\u0440\u0438\u0435 \u0438\u043d\u0432\u0435\u0441\u0442\u043e\u0440\u043e\u0432.<\/span><\/p>

              1. \u041f\u043e\u0442\u0435\u043d\u0446\u0438\u0430\u043b \u043a\u0430\u043f\u0438\u0442\u0430\u043b\u044c\u043d\u044b\u0445 \u0432\u043b\u043e\u0436\u0435\u043d\u0438\u0439, \u043d\u0435 \u043e\u0431\u0435\u0441\u043f\u0435\u0447\u0435\u043d\u043d\u044b\u0445 \u0440\u0435\u0441\u0443\u0440\u0441\u0430\u043c\u0438:<\/span><\/li><\/ol>

                \u0420\u0430\u0441\u0448\u0438\u0440\u0435\u043d\u0438\u0435 \u043f\u0440\u043e\u0435\u043a\u0442\u043e\u0432 Leviathan Phase 1B \u0438 Phase 2 \u0442\u0440\u0435\u0431\u0443\u0435\u0442 \u043f\u0440\u0438\u043d\u044f\u0442\u0438\u044f \u043e\u043a\u043e\u043d\u0447\u0430\u0442\u0435\u043b\u044c\u043d\u044b\u0445 \u0438\u043d\u0432\u0435\u0441\u0442\u0438\u0446\u0438\u043e\u043d\u043d\u044b\u0445 \u0440\u0435\u0448\u0435\u043d\u0438\u0439 (FID) \u043d\u0430 \u043c\u0438\u043b\u043b\u0438\u0430\u0440\u0434\u044b \u0434\u043e\u043b\u043b\u0430\u0440\u043e\u0432. \u041f\u0440\u0438\u043d\u044f\u0442\u0438\u0435 \u044d\u0442\u0438\u0445 \u0440\u0435\u0448\u0435\u043d\u0438\u0439 \u0437\u0430\u0432\u0438\u0441\u0438\u0442 \u043e\u0442 \u043d\u0430\u043b\u0438\u0447\u0438\u044f \u0442\u0432\u0435\u0440\u0434\u044b\u0445 \u0441\u043e\u0433\u043b\u0430\u0448\u0435\u043d\u0438\u0439 \u043e \u043f\u043e\u0441\u0442\u0430\u0432\u043a\u0430\u0445. \u0415\u0441\u043b\u0438 \u0435\u0433\u0438\u043f\u0435\u0442\u0441\u043a\u0438\u0435 \u043f\u043e\u0441\u0442\u0430\u0432\u043a\u0438 \u0431\u0443\u0434\u0443\u0442 \u043d\u0435\u043e\u043f\u0440\u0435\u0434\u0435\u043b\u0435\u043d\u043d\u044b\u043c\u0438, \u043f\u0430\u0440\u0442\u043d\u0435\u0440\u044b (Chevron, NewMed, Ratio) \u043d\u0435 \u0441\u043c\u043e\u0433\u0443\u0442 \u043d\u0430\u0447\u0430\u0442\u044c \u043a\u0430\u043f\u0438\u0442\u0430\u043b\u044c\u043d\u044b\u0435 \u0432\u043b\u043e\u0436\u0435\u043d\u0438\u044f \u0432 \u0440\u0430\u0437\u0432\u0435\u0434\u043a\u0443 \u0438 \u0434\u043e\u0431\u044b\u0447\u0443. \u041a\u0440\u0430\u0439\u043d\u0438\u0439 \u0441\u0440\u043e\u043a \u201c30 \u043d\u043e\u044f\u0431\u0440\u044f\u201d \u0431\u044b\u043b \u043a\u0440\u0438\u0442\u0438\u0447\u0435\u0441\u043a\u0438 \u0432\u0430\u0436\u0435\u043d \u0434\u043b\u044f \u043f\u0440\u0438\u043d\u044f\u0442\u0438\u044f \u044d\u0442\u0438\u0445 \u0440\u0435\u0448\u0435\u043d\u0438\u0439; \u0435\u0433\u043e \u043f\u0440\u043e\u043f\u0443\u0441\u043a \u0431\u0435\u0437 \u0440\u0435\u0448\u0435\u043d\u0438\u044f \u0441\u0442\u0430\u0432\u0438\u0442 \u043f\u043e\u0434 \u0443\u0433\u0440\u043e\u0437\u0443 \u0432\u0435\u0441\u044c \u0433\u0440\u0430\u0444\u0438\u043a \u043f\u0440\u043e\u0435\u043a\u0442\u0430.<\/span><\/p>

                1. \u042d\u043d\u0435\u0440\u0433\u0435\u0442\u0438\u0447\u0435\u0441\u043a\u0430\u044f \u043d\u0435\u0441\u0442\u0430\u0431\u0438\u043b\u044c\u043d\u043e\u0441\u0442\u044c \u0415\u0433\u0438\u043f\u0442\u0430:<\/span><\/li><\/ol>

                  \u0415\u0433\u0438\u043f\u0435\u0442 \u0443\u0436\u0435 \u0438\u0441\u043f\u044b\u0442\u044b\u0432\u0430\u0435\u0442 \u0434\u0435\u0444\u0438\u0446\u0438\u0442 \u044d\u043b\u0435\u043a\u0442\u0440\u043e\u044d\u043d\u0435\u0440\u0433\u0438\u0438. \u041f\u0440\u0430\u0432\u0438\u0442\u0435\u043b\u044c\u0441\u0442\u0432\u043e \u0443\u0447\u043b\u043e \u044d\u0442\u0438 \u0434\u043e\u043f\u043e\u043b\u043d\u0438\u0442\u0435\u043b\u044c\u043d\u044b\u0435 \u043e\u0431\u044a\u0435\u043c\u044b \u0438\u0437\u0440\u0430\u0438\u043b\u044c\u0441\u043a\u043e\u0433\u043e \u0433\u0430\u0437\u0430 \u0432 \u0441\u0432\u043e\u0435\u0439 \u0441\u0442\u0440\u0430\u0442\u0435\u0433\u0438\u0438 \u043f\u0440\u043e\u0438\u0437\u0432\u043e\u0434\u0441\u0442\u0432\u0430 \u044d\u043b\u0435\u043a\u0442\u0440\u043e\u044d\u043d\u0435\u0440\u0433\u0438\u0438 \u043d\u0430 2026-2030 \u0433\u043e\u0434\u044b. \u0415\u0441\u043b\u0438 \u044d\u0442\u043e\u0442 \u0433\u0430\u0437 \u043d\u0435 \u043f\u043e\u0441\u0442\u0443\u043f\u0438\u0442, \u0415\u0433\u0438\u043f\u0435\u0442 \u043e\u043a\u0430\u0436\u0435\u0442\u0441\u044f \u043f\u0435\u0440\u0435\u0434 \u0434\u0432\u0443\u043c\u044f \u0434\u043e\u0440\u043e\u0433\u043e\u0441\u0442\u043e\u044f\u0449\u0438\u043c\u0438 \u0432\u0430\u0440\u0438\u0430\u043d\u0442\u0430\u043c\u0438:<\/span><\/p>