18 Dec 2019 09:56

Yamalo-Nenets leader expects gas chemical projects to start in region after approval of Arctic incentives

MURMANSK. Dec 18 (Interfax) - The governor of the Yamalo-Nenets Autonomous District, Dmitry Artyukhov said he hopes that companies will begin to implement gas chemical projects in the region after the passage of laws on preferences in the Russian Arctic.

"The main thing is what is now being enshrined in federal legislation - new rules for the gas chemical industry. For us this is a very promising subject. I am confident that new tax opportunities will make it possible to begin the implementation of very large projects here in our region. These are substantial investments and, most importantly, new high-paying jobs," Artyukhov told reporters after a meeting of the State Commission for Arctic Development that was held in Murmansk.

"We hope that the necessary set of support measures will be passed next year and we will move to the practical stage of the implementation of projects," Artyukhov said.