Russia's LNG threat boosts export liberalisation prospects
Don't expect the market to be freed up anytime soon, but Russia is at least thinking about busting Gazprom's monopoly on pipeline gas supply
A Russian Security Council commission has proposed terminating Gazprom's gas export pipeline monopoly, so that the country's pipeline gas can compete better with liquefied natural gas now saturating global markets. The commission concluded that the country needed to adapt to the way in which LNG has altered the economics of global gas supply, according to Russian media, citing minutes from a meeting in July. At the meeting, it discussed the potential for developing LNG projects in Russia and the declining competitiveness of Russian gas exports in the face of LNG arriving in European and Asian markets. Participants, which reportedly included Russian gas producers Novatek and Rosneft, as well
Also in this section
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth
