![]() ![]() The proposed amendments do not apply to Novatek or its Yamal LNG, Arctic LNG 2 and Arctic LNG 1 ventures, which already have a legal exemption that allows them to ship LNG to international markets.Ī Novatek spokesperson said that the submitted amendments will apply to Arctic greenfields that involve Gazprom and other state-controlled companies, and will not affect any of Novatek’s LNG projects. Pipeline construction costs in Russia’s remote and mostly unpopulated Arctic are high, and export options were further restricted by Gazprom’s decision last year to cut pipeline gas supplies to Europe. The government said greenfield gas projects in the Arctic are too far away from the country’s trunkline network, making LNG the “only economically feasible way to monetise” reserves. Government-drafted amendments to the Russian law on gas exports suggest that operators of gas deposits located above the 67th parallel north, including the Arctic region, will be excluded from a requirement to export their LNG via Gazprom, which has a monopoly on handling gas shipments from the country. Upstreamonline: Authorities in Russia are seeking to stimulate development of the country’s remote northern gas reserves by offering domestic operators the opportunity to export liquefied natural gas without having to go through state-owned giant Gazprom. Russia aims to triple its LNG production by loosening Gazprom’s grip on exports Speed is everything in the startup game, so optimise for efficiency and you will win. Investors should also be respectful of founders' timelines a quick no is better than not knowing an investor's position. ✅ Automate or delegate: your business can't stop while you meet with investors, so automate or delegate everything you can to give yourself the most amount of time to focus on these conversations. ✅ SPV for angels: you don't want to be chasing angel investors during the fundraising, so create an SPV, set a deadline for commitments, and keep your angels updated with regular communication on your progress. Once your lawyers know about your timelines and the required input from them, they're always quick to execute. ✅ Lawyers: speak to your lawyers about your fundraising ambitions before you meet with investors. Use the data room template in the comments below. It'll save you from scrambling docs together during the fundraising, and it's a positive signal to investors that you're organised and strategic. ✅ Data room: prepare your data room before you start speaking to investors. Here are 4 tips on how to run an efficient fundraising process□□ ![]() It does not store any personal data.Fundraising takes up an enormous amount of time for founders. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. ![]() The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly.
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