Russia's Novatek Sees LNG from U.S. as its Threat
He said, according to Interfax, that LNG production in the U.S. enjoys cheap financing, while LNG production in Russia has a competitive edge thanks to its low production costs.
Qatar is the world's biggest LNG producer.
Energy companies are flooding Europe with U.S. natural gas, establishing a foothold in a market dominated by Russia and seen as a key battleground in Washington's efforts to curb Moscow's energy influence.
(Reuters, Reporting by Maria Tsvetkova and Vladimir Soldatkin, editing by Louise Heavens)