Press review: Israel in Syrian de-escalation plan and Brexit at dead-endPress Review July 21, 13:00
Russia to develop artillery reconnaissance drone — sourceMilitary & Defense July 21, 12:36
Siemens has no plans to withdraw from Russian market — company’s representativeBusiness & Economy July 21, 11:51
Russia to supply another batch of transport helicopters to China in 2018Business & Economy July 21, 11:47
Siemens reports 4 turbines it produced ‘illicitly’ sent to Crimea 'contrary' to contractsBusiness & Economy July 21, 10:11
Records file on Gagarin flight fetches nearly $50,000 at Sotheby’sSociety & Culture July 21, 10:00
Russian-Chinese naval exercises kick off in Baltic SeaMilitary & Defense July 21, 9:47
IMF Executive Board decides on $1.8 billion conditional loan for GreeceBusiness & Economy July 21, 3:34
Turkey’s western coast rocked by 6.7 magnitude quakeWorld July 21, 2:58
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.