Russian President Vladimir Putin has signed
into law amendments that will allow rivals of state-owned Gazprom to
export liquefied natural gas (LNG), bolstering hopes for Russia to boost
its share of the global LNG market.
The changes to rules on gas exports and
foreign trade, published by the state's law information site on Monday,
will enable Russia's No.2 gas producer Novatek and top oil firm Rosneft
to launch LNG projects.
The measure took effect from Dec. 1 2013, the document said.
Putin has urged Russian companies to
develop production of seaborne LNG and increase their global reach to
diversify gas supplies away from Europe, which has been trying to reduce
its dependence on Russian energy.
Gazprom's monopoly on pipeline gas exports, which are currently pumped only to Europe, stays untouched.
Russia wants to double its share in the
global LNG market by 2020 from 4.5 percent. Gazprom and Royal Dutch
Shell own Russia's only LNG plant, on the Pacific island of Sakhalin,
which produces 10 million tonnes of the super-cooled gas a year.
Post to be found at:
http://www.maritime-executive.com/article/LNG-Exports-For-Gazproms-Rivals-Approved-2013-12-02/
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