Russia selectively liberalizes gas export law for LNG

Jon Hines Alexander Marchenko Morgan Lewis, Moscow Russia has enacted amendments to its Gas Export Law that somewhat loosen Gazprom's monopoly in this area—but in a carefully targeted way applicable just to certain LNG exports from particular sources. The benefit flows only to Novatek and Rosneft and their project partners (and certain partners of Gazprom) for now. This is all as anticipated per press reports over the past few months, although there was some last-minute, unsuccessful lobbying drama. The new amendment package also establishes an obligation for reporting by exporters to the Ministry of Energy, still to be fleshed out in regulations. This ministry now will carry out licensi...

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