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Russia May End Gazprom Monopoly On Gas Exports

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Russia may allow natural gas producers other than OAO Gazprom (GAZP.RS) to export gas, Russian Prime Minister Dmitry Medvedev said in an interview with Bloomberg TV at the World Economic Forum in Davos, Switzerland, on Wednesday.

He said that ending Gazprom's monopoly on lucrative exports was "possible" given the emergence of other gas producers. "But we shouldn't lose money, and that's the main thing," Mr. Medvedev said.

The Russian government is considering a request by the country's largest non-state gas producer OAO Novatek (NVTK.RS) to allow it to export liquefied natural gas.

Write to James Marson at james.marson@dowjones.com

 

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(END) Dow Jones Newswires

January 23, 2013 06:15 ET (11:15 GMT)

Copyright (c) 2013 Dow Jones & Company, Inc.

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