Russia Confirms Schedule for LNG Export Liberalization

Russia moved closer to its plan to liberalize LNG exports on Friday, after the government approved the bill and submitted it to the Duma.

The government gave a final green light to the law in late October. Officials confirmed that they expect the bill to be discussed by the lower and upper chambers by the end of the year. 

Russia's President Vladimir Putin has expressed his firm intention to spur LNG exports, granting more leeway to Novatek and Rosneft. He also stated Russia’s interest to press ahead with a gas pipeline system to supply China. That would remain controlled by Gazprom.