The State Duma was proposed to allow the export of LNG without reference to fields
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The draft was submitted to the State Duma amendments to the gas export law, which allows foreign supplies of liquefied natural gas (LNG) without reference to specific fields. Currently, gas exports are allowed to companies that own fields, the license of which specifies the production of LNG.
The explanatory note of the bill says that the proposed measure will allow monetizing natural gas reserves in the face of a sharp reduction in exports to the European Union, as well as an excess of production and transportation capacities. Thus, the authors argue, Russia will increase its share in the global gas market in the face of sanctions pressure.
Also, it follows from the explanatory note, the development of LNG projects stimulates related industries in strategically important areas: the production of cryogenic equipment, shipbuilding and the introduction of new technologies in the gas industry.
It is proposed to allow exports to companies implementing LNG projects with a capacity of more than 20 tons per hour, if more than 50% of the shares in them are owned by persons with the right to directly or indirectly dispose of more than half of the shares in companies entitled to export LNG.
The authors of the bill are deputies Vladislav Davankov (New People), Alexei Didenko (LDPR), Dmitry Kobylkin (United Russia), Maxim Topilin (United Russia) and Nikolai Kharitonov (KPRF).
In June, the head of NOVATEK, Leonid Mikhelson, came up with a similar initiative. He said that his company ran into problems due to the current legislation: the Cryogas-Vysotsk project cannot sell LNG on its own and is forced to work under an agency agreement with Gazprom Export.
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