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French Total, Russian Novatek plan new joint project

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

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.