Russia has potential to produce 160 mln T of LNG a year -Novatek CEO

MOSCOW, March 11 (Reuters) - Russia has the potential to produce 160 million tonnes of liquefied natural gas (LNG) a year, the chief executive of independent gas producer Novatek , Leonid Mikhelson, said on Wednesday.

Russia’s upper house of parliament earlier approved a zero rate extraction tax on natural gas for further LNG production in the Arctic, from which Novatek is set to benefit.

Reporting by Vladimir Soldatkin, writing by Alexander Marrow; editing by Jason Neely

Original source: https://af.reuters.com/article/energyOilNews/idAFR4N2AZ009