Russia has potential to produce 160 mln T of LNG a year

Russia has the potential to produce 160 million tons of liquefied natural gas (LNG) a year, the chief executive of independent gas producer Novatek , Leonid Mikhelson, said.

Russia’s upper house of parliament earlier approved a zero rate extraction tax on natural gas for further LNG production in the Arctic, from which Novatek is set to benefit.

• Most Read
• Most Commented