Russian Energy Ministry Does Not Expect New Tax Breaks for Yamal LNG

November 18, 2013

Yamal LNG will not expect tax breaks despite growing expenditure, Russian Energy Minister Aleksandr Novak has said.

“The earlier decisions on tax breaks will not be changed. The government in 2009 came up with a full list of tax breaks for the project, and this list will not be revised”, said the minister.

Yamal LNG open joint-stock companies is building a 16.5mn tons LNG plant which is to use hydrocarbons from the South-Tambeysky deposit.

Copyright: Oil and Gas Information Agency, 2013