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Russian gas: The end of a monopoly and the beginning of a new era

01.01.2014  |  Nichols, L.,  Hydrocarbon Processing

December 2013 saw the repeal of a 2006 law establishing Gazprom as the sole exporter of Russian gas. The amendment is part of Russia’s plan to double LNG exports by 2020 and grab crucial LNG market share in the Asia-Pacific region. However, Russia is not without stiff competition.

Keywords: [Russia] [LNG] [natural gas] [engineering] [construction]

December 1, 2013 marked the beginning of a new era for Russian gas exports, as it saw the repeal of a 2006 law establishing Gazprom as the sole exporter of Russian gas. Amendments to the gas export law and foreign trade law allow other companies—primarily Novatek and Russian state-owned Rosneft—the ability to sell liquefied natural gas (LNG) for export. Gazprom’s monopoly on gas exports to Europe via pipeline was not touched.

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