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French Total, Russian Novatek plan new joint project

May 24, 17:36 UTC+3

France’s Total participating in the Yamal LNG project run by the Russian natural gas producer Novatek plans to sign an agreement on participation in a new project

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ST. PETERSBURG, May 24. /TASS/. France’s Total participating in the Yamal LNG project run by the Russian natural gas producer Novatek plans to sign an agreement on participation in a new project, Novatek co-owner Gennady Timchenko told TASS on Thursday.

"Novatek will sign one more important agreement today. Total is ready to enter the new stage of cooperation. [There will be] one more joint project," Timchenko said.

This will be a large-scale major project adding 0.15% GDP annually, the businessman said without giving details.

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