Reuters reports that the country’s upper house of parliament earlier approved a zero rate extraction tax on natural gas for future LNG production in the Arctic.
Novatek – an independent gas producer – is reportedly set to benefit from this approval.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/13032020/novatek-claims-russia-has-potential-to-produce-160-million-tpy-of-lng/
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