Russian LNG: The Long Road to Export

Summary:

On 1 December 2013 a law on the export liberalization of liquefied natural gas (LNG) came into legal force in Russia. The law allows some categories of companies other than Russia's state gas giant Gazprom and its subsidiary companies to have LNG export rights.

This is - without exaggeration - a historic decision for the Russian gas industry, the road to which was certainly not easy. Recent years have seen a radical change in the global economic climate, a situation which has changed the dynamics of the European gas market. Russian leadership is actively campaigning for the launch of LNG projects, and despite all the problems and high costs, some can be completed by the end of this decade. The success of the Russian LNG will strongly depend on the ability of Russian market players to build up relations with the different groups of foreign partners.

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