Liquified natural gas is one of the gas industrys most promising markets. The launch of LNG projects on the Yamal Peninsula is providing Russia with a genuine chance of becoming one of the world leaders in the market. In fact, LNG is expected to make up half of the total amount of freight transported along the Northern Sea Route. In addition, work is under way to develop technologies which will lead to a reduction in capital expenditure and the creation of a technological base for LNG projects in Russia. Which projects in this field are of international significance, and what steps are needed to implement them? What impact are these projects having on the regions economy? How can LNG production be rolled out in the Russian Arctic? What potential is there for the localization of large-capacity LNG liquefaction technology?