LNG

Russian LNG projects need tax breaks – Shell Russia head

Shell wants new LNG projects in Russia to receive state support in the form of tax relief, Shell Russia head Olivier Lazar has told journalists.
By Staff reporter 8 March 2017 0 24642

Shell wants new LNG projects in Russia to receive state support in the form of tax relief, Shell Russia head Olivier Lazar has told journalists.

Lazar suggested tax breaks were needed to allow Russian projects to compete with their US counterparts. He added that Shell was keen to discuss taxes for Baltic LNG, in which the Anglo-Dutch major is cooperating with Gazprom.

Lazar said support should be similar to Yamal but less extensive. Asked what the price of the output from Baltic LNG should be, Gazprom recently...