Russia has potential to produce 160 mln T of LNG a year
3/11/2020
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.
Reporting by Vladimir Soldatkin, writing by Alexander Marrow; editing by Jason Neely
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