Russian rotocraft maker starts assembling military version of Mi-38 helicopterMilitary & Defense August 23, 14:53
NATO slams observation format of Russia-Belarus military drillsMilitary & Defense August 23, 14:31
Moscow has no doubts US will try to meddle in Russia’s presidential electionRussian Politics & Diplomacy August 23, 13:54
Diplomat points to Russia’s balanced response to US hostile actionsRussian Politics & Diplomacy August 23, 13:48
Russia, US reach considerable progress in bilateral dialogue on Syria — diplomatRussian Politics & Diplomacy August 23, 13:27
Indonesia may buy Russia’s advanced Su-35 fighter jetsMilitary & Defense August 23, 13:24
Russia closely monitors deployment of US missile defenses in JapanRussian Politics & Diplomacy August 23, 13:18
Russia to decide on conceptual design of future soldier’s combat gear by year-endMilitary & Defense August 23, 13:09
Press review: Netanyahu in Russia to focus on Iran and NSA spies on Russian net usersPress Review August 23, 13:00
MOSCOW, March 17. /TASS/. The Yamal LNG project has signed contracts for the sale of 96% of liquefied natural gas (LNG) it produces, Evgeny Kot head of Yamal LNG, told the LNG 2016 Congress on Thursday.
"96%, practically the total volume of LNG we produce will be sold under long term contracts. This means 20-25 years," he said.
According to him, the countries of Asian-Pacific region account for 86% of the contracts.
"The market has been determined and we know exactly where our tankers will go. Approximately 86% [of LNG volumes sold under contracts — TASS] will go to Asian-Pacific region," he said.
Yamal LNG is implementing a liquefied natural gas plant construction project with the annual capacity of 16.5 mln tonnes on the resource base of Yuzhno-Tambeiskoe field.
LNG production start is scheduled in 2017.
In December 2015, China’s Silk Road Fund signed an agreement on purchase of 9.9% in Yamal LNG from Russian natural gas producer Novatek.
After the acquisition the share of Novatek in the project is be reduced to 50.1%. China’s CNPC holds 29.9%, while French Total owns 20% and in the project.
Earlier in December 2015, as part of the deal on selling the stake in the project Novatek received a 15 year loan from the Silk Route fund to finance the project.