FSUOGM: Russia mulls rubles-for-LNG scheme

Russia’s Gazprom is considering expanding its rubles-for-gas scheme for pipeline sales to Europe to LNG as well, Interfax reported on July 4, although the Kremlin has said no decision on the matter has been taken yet.
Kirill Polous, a deputy department head at Gazprom, was quoted as saying by Interfax that Gazprom had made the proposal, citing foreign exchange competition between pipeline gas sold in rubles and LNG that is sold in US dollars. 
“Currently no decisions have been taken in this regard and there are not any prepared orders,” Kremlin spokesperson Dmitry Peskov told reporters. 
Asked whether an LNG-for-rubles scheme might cover all LNG from Russia, which comes mainly from Gazprom’s Sakhalin-2 project and the Novatek-led Yamal LNG plant, Peskov redirected questions to Gazprom.

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