Russia's Novatek says sees LNG from U.S. as its chief threat- Ifx | Reuters

Russia's Novatek says sees LNG from U.S. as its chief threat- Ifx | Reuters:

Leonid Mikhelson, the head of Russia’s Novatek said on Friday that liquefied natural gas (LNG) from the United States as its chief threat, Interfax news agency reported.

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.