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Russia grants energy majors right to export LNG

LNG Industry,

The Russian Prime Minister Dmitry Medvedev yesterday signed a governmental resolution which granted Rosneft, Yamal LNG, Gazprom and Gazprom-export the right to export LNG.

“According to the law the government should approve a list of organisations to which the exclusive right for LNG export is granted,” Medvedev stated at a meeting with deputies. “I have signed this resolution. According to current criteria this right is granted to four companies, namely OJSC Gazprom, its subsidiary Gazprom-export and two other companies OJSC Rosneft and OJSC Yamal LNG.”

Medvedev described LNG as moving the world’s energy in a positive direction and said that Russia would look to develop its LNG industry. “Although we have huge reserves of natural gas, [and are] the largest exporter of natural gas [via the] pipeline system, the so-called pipeline gas, we must not give up from the development of other areas in the gas industry, including the creation of liquefied gas and its subsequent export.”

Edited from various sources by Ted Monroe

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