Putin begins talks with visiting Philippine leaderRussian Politics & Diplomacy May 24, 0:15
Mechanism of alerting on cyberattacks practically never used by US — spokespersonWorld May 23, 22:19
Putin praises work of Independent Public Anti-Doping CommissionSport May 23, 20:38
Russia needs expanding representation in global sports federations — ministerSport May 23, 20:21
Russian athletes must be trained for Olympics under certain geographic conditions — PutinSport May 23, 19:38
Final charges brought against Russian ex-economy minister UlyukayevBusiness & Economy May 23, 18:59
WADA delegation to visit Moscow this week to help with membership reinstatementSport May 23, 18:48
US President Donald Trump's first trip abroadWorld May 23, 18:41
Russian scientists master stimulating neurons with infrared irradiationScience & Space May 23, 18:37
MOSCOW, December 30. /TASS/. Russian Prime Minister Dmitry Medvedev has signed a resolution on allocating 150 billion roubles (2.6 billion U.S. dollars) from the National Welfare Fund to Yamal LNG Co., the official legal information website said on Tuesday.
Under the document, the sum will be allocated in exchange of Yamal-LNG shares.
The document was signed on December 27, 2014. It amends the government resolution on the construction of a liquefied gas facility at the South Tambeisky gas condensate field on the Yamal peninsula.
The facility’s designed capacity is to reach 16.5 million tonnes. Stage one is scheduled to be launched in 2017. The project cost is estimated at about 27 billion U.S. dollars. Russia’s Novatek holds 60 percent stake in Yamal-LNG, France’s Total and China’s CNPC have 20 percent stake each. Yamal-LNG cannot attract Western investments because of anti-Russian sanctions, so, the key market for foreign borrowings is China.