Russia Takes Steps to Increase LNG Exports

On November 22, the Russian Parliament voted to loosen the monopoly power that Gazprom has over exporting natural gas. Gazprom – one of the largest producers of natural gas in the world – has had exclusive control over exporting gas, which has largely focused on pipeline exports to Europe. With demand sagging in the west, Russia is shifting east, hoping to cash in on rising gas demand in Asia.  And instead of building pipelines, Russia is now seeking a big expansion of liquefied natural gas capacity. Should Russia liberalize its…

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