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Russia’s NOVATEK sells 20% stake in Yamal LNG to China’s CNPC

MOSCOW, January 14. /ITAR-TASS/. Russia’s biggest independent natural gas producer NOVATEK has closed a deal on selling a 20 percent stake in Yamal LNG Co. to China National Oil and Gas Exploration and Development Corporation, or CNODC, a subsidiary of China National Petroleum Corporation (CNPC), according to a NOVATEK press released made public on Tuesday.

The deal was approved by the Russia, European and Chinese regulators in December 2013.

Now, NOVATEK holds a 60 percent stake in Yamal LNG, Total has 20 percent of shares, and CNPC - also 20 percent.

The Yamal LNG projects provides for the construction of a natural gas liquefying facility with a projected capacity of 16.5 million tonnes of liquefied natural gas a year at the South Tambey gas field in the Yamal Peninsula. The field’s proved probable reserves are estimated at 907 billion cubic metres. The project provides for the development of transport infrastructure, including the construction of a sea port and an airport near the settlement of Sabetta in the northeast of Yamal. The project is being implemented by Yamal LNG Co. Aggregate investments in the project are estimated at 26.9 billion U.S. dollars. The first production line is to be commissioned in 2017.

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Russian defense chief points to West’s double standards on right to self-defense

In this regard, Sergey Shoigu mentioned the operation that Tehran carried out "in retaliation for a blatant attack on the Iranian consulate building in Damascus"

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The Chinese Defense Ministry spokesperson stressed that "US steps are posing a major threat to security and stability of regional players"

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Russia and Europe are geographically close anyway, Dmitry Peskov noted

Promotion of Russian brands gives good return — Putin

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Press review: US tries to strong-arm China and Zelensky's bid to bring men home

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Ukrainian opposition demands parliament speaker's resignation over pro-Hitler remarks

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Venezuelan foreign ministry, Russian embassy hold joint conference in Caracas

The event brought together almost 200 diplomats, foreign ministry staffers and experts in international relations

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Yury Chikhanchin pointed out that the perpetrators of the attack were provided with money, weapons, transportation and ammunition

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Russia to hold next international security meeting in 2025 — top security official

The date and location will be announced later

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Houthis say they attacked MSC Darwin vessel in Gulf of Aden

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West prepares puppet structures in case of coup in Belarus — KGB

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Dardanelles temporarily closed due to fire on board of dry cargo carrier

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Russian Embassy to Austria denied participation in ceremony at Nazi concentration camp

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Shoigu talks about ties with NATO, attacks on Zaporozhye NPP as he attends SCO meeting

TASS has put together the highlights of Shoigu's speech

Russia warns US, NATO against harming its security — diplomat

Maria Zakharova stressed that "the level of nuclear risks have risen dramatically as a result of the West’s destructive policy, which is fraught with a direct military confrontation between nuclear powers"

Global community condemns use of terrorists in geopolitical struggle — Russian official

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Crocus City Hall attack funded using cryptocurrency, Russian finance watchdog says

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Ukrainian army strikes own surrendering soldiers — POW

Andrey Babenko said that after a crash course in Britain he had been sent to the frontline near Liman

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Swiss conference on Ukraine undermines European security — Russian diplomat

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