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But the export monopoly discourages the investment by other gas producers that Russia itself badly needs.
He solicited foreign investment, selling half the country's cigar export monopoly to the Spanish.
Gazprom, the Russian export monopoly, supplies about a quarter of Europe's natural gas and exercises significant leverage over importers.
EU officials this week again raised the export monopoly in an otherwise conciliatory letter to Russia's energy minister.
That would break the stranglehold of Gazprom, the Russian government-controlled export monopoly that now supplies all of Lithuania's gas.
The Russian gas export monopoly Gazprom and the Polish gas monopoly P.G.N.I.G. will now work on details.
Similar(41)
Nevertheless, the Dutch retained their export monopolies in some areas, and they continued to control trade commodities and prices through a system of passes and inspection.
Pascal Lamy, the trade commissioner, wants tighter rules for export credits and food aid, which Europeans claim the Americans use as disguised export subsidies; tougher rules on agricultural export monopolies, used by countries such as Canada; and, most important, protection for products from special geographic areas, such as Feta cheese, Kalamata olives or Parma ham.
The two big Sakhalin projects (Exxon is involved in the other one) are the only exceptions to Gazprom's gas-export monopoly.
Sakhalin Energy has the dubious distinction of being the only big energy project in Russia not to involve a Russian firm, and the two big Sakhalin projects are the only exceptions to Gazprom's gas-export monopoly.
Gazprom, Russia's gas-export monopoly, said that Ukraine was unconstructive in talks over a debt dispute that could lead to the second cutoff of fuel shipments in three years.
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