The Russian Ministry of Economical Development and the Ministry of Energy has along with the Federal Tax Service decided that the developers of the rich Yamal fields will get zero tax on export of LNG and gas condensate.
Prime Minister Vladimir Putin has signed a decree on the issue, newspaper Vedomosti reports. The authorities are also preparing for a zero tax on extraction on the peninsula.
As reported by BarentsObserver, Novatek intends to start the construction of a LNG plant at Yamal in 2012.
