Russia invests in LNG project to ‘diversify’ from Europe

Russian President Vladimir Putin has ordered the government to expand tax breaks to more deposits that will supply gas for the Novatek-led liquefied natural gas project in Russia's Yamal peninsula, according to the Kremlin's website.

Putin has urged domestic companies to develop seaborne liquefied natural gas (LNG) and diversify away from cash-strapped Europe where demand for gas has weakened.

ESO: Background information: European Commission requests Poland to stop violation of EU rules on internal gas market http://www.europeansources.info/record/press-release-european-commission-requests-poland-to-stop-violation-of-eu-rules-on-internal-gas-market/

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