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CNPC secures a 20% stake in the Yamal LNG project from Novatek

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Report summary

On June 21 2013 at the St Petersburg International Economic Forum NOVATEK and China National Petroleum Corporation (CNPC) announced a framework of cooperation under which CNPC will acquire a 20% stake in Yamal LNG and purchase at least 3 million tons per annum (mmtpa) of LNG from the project. Yamal LNG is a proposed three train 15 mmtpa LNG project which plans to export gas from Russia's Yamal peninsula to the international market. The project's other shareholders are NOVATEK (now ...

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    CNPC secures a 20% stake in the Yamal LNG project from Novatek

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