SELL LIQUEFIED NATURAL GAS (LNG)

Description

In accordance with Federal Law  in Russian Federation "On the Export of Gas, the owner of the Unified Gas Supply System which is a State controlled company held the exclusive right to export gas outside the Russian Federation. The exclusive right to export gas established by the Gas Export Law expressly extended to the export of LNG as well as pipeline gas. However, in December ***3, by amendments to the Gas Export Law, the right to export LNG has been extended to other independent oil and gas producers, as a result of this extension and to meet up with Natural gas demands, we are  currently working with one of the largest independent Natural gas producers with their liquefied natural gas plant  positioned on a site area of **0 hectares in Indiga community area in a non-freezing part of the Barents sea coast, LNG shipment is often performed by special sea terminal built in a close proximity from the plant.