Russian ministry studies possibility of LNG exports, bypassing Gazprom
The Russian Ministry of Energy is considering the withdrawal of liquefied natural gas (LNG) from the export monopoly of Gazprom, the Energy Minister Alexander Novak told reporters during the forum 'Russian Gas 2012'. This was reported by RIA Novosti news agency with reference to Prime agency.
"There is a proposal from Novatek, which is under consideration," Novak said, when asked about the possibility of providing independent producers with the right to independently supply LNG for export.
The minister stressed that the abolition of the Gazprom monopoly to export natural gas is not being considered.
Currently according to Russian legislation, Gazprom is the exclusive exporter of gas. Independent producers are obliged to conclude contracts for export with the gas holding companies.
"There is a law and we must act within that law on the export of gas, according to which Gazprom is the sole exporter of gas," Novak said.
"I think these options are possible in the field of LNG, but the options have to be developed," he said.
"We have a proposal from Novatek on amendments to the legislation which is being considered," the minister said, adding that only after a full analysis the proposal will be assessed.
The Energy Ministry plans to develop appropriate proposals at the request of Novatek until the end of the year.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!