Russia mulls proposal to liberalize LNG exports

BY OLGA RAZUMOVSKAYA

MOSCOW -- Russia's lower house of parliament may consider a bill to liberalize the exporting of LNG in its autumn session, news agency Interfax reports the country's energy minister saying.

"It is planned that it will be reviewed in the fall session of this year by the State Duma" Alexander Novak told reporters.

The announcement comes after President Vladimir Putin said in late June that Russia will move towards the liberalization of LNG exports, which will allow companies other than the state gas monopoly Gazprom to sell it abroad.

Dow Jones Newswires