20:26 GMT17 January 2021
Listen Live
    Russia
    Get short URL
    0 66
    Subscribe

    Russian gas exports full difersification is possible no earlier than in 2018, a source in the Russian Economic Development Ministry said Tuesday.

    MOSCOW (Sputnik) — A review on the full liberation of Russian gas exports is possible no earlier than in 2018, a source in the Russian Economic Development Ministry said Tuesday.

    “The ministry believes that the optimum variant of maintaining the export of pipeline-delivered gas is through a single export canal in the current macro-economic conditions. But before reviewing the possibility of a full liberalization of gas exports, it’s necessary to conduct an analysis of the effectiveness of the decision already made in regard to the liberalization of [liquefied natural gas] exports [after 2018 when the LNG plant in Yamal begins operations], as well as the redistribution of obligations in providing the domestic market with gas between all of its participants. Currently, independent gas producers have the ability of delivering gas for export through an agency agreement with Gazprom,” the source told RIA Novosti.

    The Russian legislation currently only allows Gazprom and its subsidiary Gazprom Export to export pipeline gas.

    Gazprom is the largest extractor of natural gas in the world, accounting for 12 percent of the global gas output, according to the company. The Russian government holds the majority stake in the company.

    Related:

    Russian Gov't Allows Energy Giant Rosneft to Deliver Gas to Europe
    China Considers 38Bln Cubic Meters of Russian Gas Supplies Sufficient
    Ukraine Could Survive Without Russian Gas in Coming Years - Official
    Cold Hard Fact: ‘Europe Has No Alternative to Russian Gas’
    Tags:
    export, gas, liberalization, Russian Ministry of Economic Development, Russia
    Community standardsDiscussion