Bill to Liberalize LNG Exports Submitted to Russia’s Duma

November 8, 2013

The Russian government has submitted to the Duma a bill to liberalize LNG exports, Prime has reported.
 
The cabinet had approved the bill at its meeting. According to the bill, Gazprom will retain a monopoly on pipeline gas deliveries abroad only.
 
It is planned that the right to export LNG will be given to those companies whose licenses as of January 1, 2013 provided for building LNG plants as well as the companies where the state share exceeds 50% which develop internal offshore fields and the continental shelf including the Black Sea and the Sea of Azov.
 
Yamal LNG (Novatek’s project) and the LNG plants controlled by Rosneft and Gazprom may become independent LNG exporters.
 
According to an explanatory note to the bill, LNG export liberalization aims to increase Russia’s share of the gas market and stabilize gas prices and raw material prices in general.
 
Copyright: Prime, 2013