McLaren report’s allegations to be taken to legal courts — former Sports Minister MutkoSport December 09, 21:41
Russia-Ukraine-EU gas talks to continue — EC energy chiefBusiness & Economy December 09, 21:11
Russian diplomat says concept of Syria’s moderate opposition has failedRussian Politics & Diplomacy December 09, 20:58
Hollywood star Schwarzenegger to appear in Russian adventure filmSociety & Culture December 09, 20:53
Restoration of Palmyra possible after ending of hostilities in Syria — ministerSociety & Culture December 09, 20:35
Gazprom ready to supply gas to Ukraine — Russia’s energy ministerBusiness & Economy December 09, 20:08
WADA chief alarmed over statements in McLaren reportSport December 09, 19:04
Russian sports minister: McLaren’s words on "institutional conspiracy" erroneousSport December 09, 18:59
Russian PM says sanctions 'not worth loss they cause for business'Business & Economy December 09, 18:24
VLADIVOSTOK, September 3. /TASS/. Investments in Yamal LNG project have already reached around $18.5 bln, Novatek’s Chairman of management board Leonid Mikhelson said.
"Around 18.5 bln dollars," he said when asked about the total amount of investment in the construction, adding that the first line of the plant is 76% ready and totally the project is 60% ready.
Yamal LNG is a large scale project on creating a liquefied natural gas production facility with 16.5 mln tonnes per year capacity. The project involves the creation of transport infrastructure, including a seaport and an airport near the Sabetta village (north-east of the Yamal Peninsula).
The shareholders are Russia’s gas company Novatek - 50.1%, France’s Total - 20%, China’s CNPC - 20% and the Silk Road Fund - 9.9%.
Novatek, which is Russia's largest independent gas producer, won the bid for a geological survey, exploration and hydrocarbons production license for the Syadorskiy subsoil area for a term of 25 years.
"The Syadorskiy license area expands company’s resource base in the northern part of the Yamal Peninsula. As of January 1, 2016, the license area held 24.6 bcm of Russian C1 natural gas reserves, and recoverable resources in the amount of 62.7 bcm of gas and 18.6 mmt of liquid hydrocarbons," runs the company's report.
The auction resulted in a one-time payment for the subsoil use in the amount of 404 mln rubles ($6.2 mln), Novatek said.
Novatek is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. Its upstream activities are concentrated in the prolific Yamal-Nenets Autonomous Region.