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2012 November 20   15:53

Gazprom could be stripped of LNG export monopoly

The Energy Ministry is considering breaking up Gazprom's monopoly of liquefied natural gas (LNG) exports, RBC News reports quoting Russian Energy Minister Alexander Novak.

The relevant proposals could be submitted to the government before the end of 2012.

Russia's second-largest gas producer Novatek has applied for a permit to export LNG from the Yamal project bypassing Gazprom, the minister added.

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