Russia Chooses Its Exclusive LNG Exporters

Dmitry Medvedev meeting with deputy prime ministers
Dmitry Medvedev meeting with deputy prime ministers

The Russian Government has granted exclusive rights to four companies to export liquefied natural gas (LNG).

 
This exclusive right has been granted to OJSC Gazprom, its subsidiary Gazprom Export, OJSC Rosneft and OJSC Yamal LNG. Export licences will be issued by the Russian Energy Ministry.

 ” You know that liquefied natural gas is a very promising area of energy production globally. All countries are working on this issue, and Russia is no exception in this sense.

Although Russia has huge reserves of natural gas and is one of the largest exporters of gas via pipelines, so called pipeline gas, it should not overlook other development opportunities in gas-fuelled power generation, such as gas liquefaction and LNG export under contracts,” said Russian Prime Minister Dmitry Medvedev.

 “It’s the Government’s responsibility to approve a list of companies with the exclusive right to export LNG,” he added.

Press Release, July 15th, 2014, Image: government.ru

 

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