Investment in Yamal LNG project reached $23.4 bn

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Investment in Yamal LNG project reached $23.4 bn
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The volume of investments in Yamal LNG project have reached $23.4 billion rubles, a Chief Financial Officer of Novatek, Mark Jetway, said over the course a telephone conference.




“At the moment we have already invested $23.4 billion, which were intended for shareholders,” he said. Mark Jetway added that the current year the investment volume would be about $6 billion.

Yamal LNG project involves the construction of a plant for the production of a liquefied natural gas (LNG) with a capacity of 16.5 million tons per year on the resource base of South Tambeyskoye field.

First LNG production is scheduled for 2017. The shareholders of OJSC Yamal LNG are Novatek (50,1%), Total (20%), CNPC (20%), The Silk Road Fund (9,9%).



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