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    Economic Times: Novatek CEO expects no quick access to Europe gas pipelines

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Summary

The head of Novatek, Russia's largest independent gas producer, sees no chance of winning the right to export gas via pipelines to Europe in the near term

by: Sruthi

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Press Notes

Economic Times: Novatek CEO expects no quick access to Europe gas pipelines

The head of Novatek, Russia's largest independent gas producer, sees no chance of winning the right to export gas via pipelines to Europe in the near term despite getting government approval to ship super-cooled gas out of Russia last year.

In 2013, privately owned Novatek and state-controlled Rosneft were granted the right to ship liquefied natural gas (LNG) out of Russia, breaking the monopoly of state-controlled Gazprom.

Gazprom also exclusively ships gas to Europe, a right currently being challenged by its rivals.
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