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RUSSIA HAS POTENTIAL TO PRODUCE 160 MLN T OF LNG A YEAR -NOVATEK CEO
3/11/2020 12:00:00 AM

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

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.

Source: Hellenic Shipping

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