Support The Moscow Times!

LNG Incentives Mulled

Russia's Energy Ministry is considering introducing additional incentives, including lower export duties, for new projects to produce liquefied natural gas, Energy Minister Alexander Novak told reporters.

"Some incentives might be considered," Novak said.

LNG production must be encouraged because Russia faces the challenge of finding a niche on the global LNG market, the minister said.

"Our share of this market is too small. However, there is a niche for new supplies on the LNG market and we must occupy this niche," Novak said.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.