Putin blesses multibillion-dollar bet on Russia competing in LNG

The Russian president has overseen the official start of a billion-dollar LNG plant. There are ambitions to compete with LNG leader Qatar.

BY ELENA MAZNEVA, BLOOMBERG

As Russia’s President Vladimir Putin oversees the official start of a USD 27 billion liquefied natural gas plant in the snow-covered tundra of northern Siberia, his mind may wander to its biggest competitor more than 3,000 miles away in Qatar.

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