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Russia’s monopoly service favors additional liberalization of LNG exports

October 07, 2016, 16:11 UTC+3 ST. PETERSBURG

At the moment only Gazprom and Novatek have the right to export LNG

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ST. PETERSBURG, October 7. /TASS/. Russia’s Federal Antimonopoly Service (FAS) considers it possible to further liberalize exports of liquefied natural gas (LNG), Deputy Head of the regulator Anatoly Golomolzin told TASS.

"We assume there are opportunities for further expansion of LNG liberalization," he said.

At the moment only Gazprom and Novatek have the right to export LNG, also the possibility of granting the right to Rosneft is under discussion.

Also, Golomolzin said, the regulator expects more reasons to end Gazprom’s monopoly on pipeline gas exports, to emerge in the future.

"As the processes related to deregulation of wholesale gas prices that we’re preparing within pilot projects, are promoted the terms for operations of Gazprom and independent (gas producers - TASS) will become equal. There are more and more reasons for liberalizing exports of pipeline gas," he said.

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