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.

(MT)


Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.