Yamal LNG is a large scale project on creating a liquefied natural gas production facility. Yamal LNG unlocks access to the vast gas resources of the Russian Arctic, while also opening a new LNG sea transport route to Asia using ice-class LNG carriers.
Russian largest independent gas producer Novatek holds 50.1% in the project. China’s CNPC holds 29.9%, while French Total owns 20%. The Silk Route foundation owns 9.9%
The volume of capital expenditures for Yamal LNG project will amount $27 bln, Head of Novatek Leonid Mikhelson said in February.