The Russian Government has approved the list of handpicked companies that have been granted the exclusive right to export liquified natural gas (LNG) , the Russian Gov't official website said.
Draft resolution was submitted by the Ministry of Energy of Russia.
Pursuant to Paragraph 2 of Article 26 of the Federal Law "On the basis of state regulation of foreign trade" the list of organizations that have been granted the exclusive right to export and (or) import of certain goods is approved by the government. Exclusive right to export liquified natural gas is provided to organizations that meet the criteria specified in Article 3 of the Federal Law "On Gas Exports."
In accordance with the legislation, Gazprom, Gazprom Export, JSC Yamal LNG and Rosneft entered the list of licensed LNG exporters.
The license to export LNG is issued by the Ministry of Energy of Russia upon submission by an organization of the documents confirming its compliance with the requirements established by legislation of the Customs Union and the Russian Federation law.