Russian Parliament Passes LNG Export Liberalization Bill

Russia’s parliament passed the bill for LNG export liberalization, moving closer to put an end to Gazprom’s monopoly. 

The measure, intended to promote the development of LNG projects from Gazprom’s competitors, is strongly backed by Presidenti Vladimir Putin to avoid future competition from US, Australia and Africa.

The bill will be soon signed into law. 

Official confirmed they expect the law to take effect since the first of January. Putin also stated Russia’s interest to press ahead with a gas pipeline system to supply China. That would remain controlled by Gazprom.