Support The Moscow Times!

Liberalization of LNG Exports Signed

President Vladimir Putin has signed into law amendments that will allow rivals of state-owned Gazprom to export liquefied natural gas, or 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. Gazprom's monopoly on pipeline gas exports, which are currently pumped only to Europe, stays untouched.

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more