Kremlin gives no comment on Constitutional Court’s decision on Yukos caseRussian Politics & Diplomacy January 19, 13:35
Kremlin rejects Biden’s reproaches of Russia’s aggressivenessRussian Politics & Diplomacy January 19, 13:26
Embassy in talks with Spanish authorities to protect detained Russian programmer’s rightsRussian Politics & Diplomacy January 19, 13:23
Russia invited US to join talks on Syria in Astana — LavrovRussian Politics & Diplomacy January 19, 13:14
Spanish court to consider request on detained Russian programmer’s extradition to USWorld January 19, 13:14
Upgraded Night Hunter's weapon systems to surpass all foreign counterparts — designerMilitary & Defense January 19, 13:14
'We shouldn't kid ourselves': Russian PM says sanctions most likely to stay in placeBusiness & Economy January 19, 13:12
Nearly two million Russians take icy dunk to celebrate Epiphany HolidaySociety & Culture January 19, 13:03
Press review: Iran wants US out of Syria talks and Turkey joins Russia in airstrikes on ISPress Review January 19, 13:00
SOCHI, September 20. /ITAR-TASS/. NOVATEK has applied for 100 billion roubles ($3.8 billion) from the National Wellbeing Fund for the Yamal-LNG project, Deputy Minister of Economic Development Nikolai Podguzov told reporters on Saturday.
Under the Yamal LNG project, the company will build a liquefied natural gas plant with the capacity of 16.5 billion tonnes a year. The first line is due in 2017. The proven and probable deposits in the field are estimated at 907 bcm. The project includes organisation of the infrastructures, which will include a sea port and an airport.
NOVATEK and its partners - Total and CNPC - have invested in the project 5.8 billion dollars as of July 31, 2014. NOVATEK’s Financial Director Mark Jetway said 95% of LNG in the project had been contracted already, and the site for the plant was ready by 75% Yamal-LNG’s shareholders will invest before the yearend another two billion dollars, NOVATEK’s CEO Leonid Mikhelson said.