Finland looks towards Yamal
Finnish oil and gas companies intend to get a stake in the Yamal LNG project.
Representatives of Finnish oil and gas companies in a meeting with the Russian Ministry of Energy last week confirmed their interest in the planned LNG project in Russia’s far northern Yamal Peninsula.
According to the Russian ministry, the Finnish business representatives handed over a proposal on Finnish engagement in the project.
The companies were represented at the seventh session of the Russian-Finnish Inter-Governmental Commission on Economic Cooperation taking place in Moscow last week, a press release from the ministry informs. The session was attended by both ministry representatives and the oil industry.
The Yamal LNG project is to be based on the resources of the South Tambey field, a project owned by Russia’s biggest privately owned gas company NOVATEK. Also Gazprom has a stake in the LNG project.
Read more: Yamal LNG plant in 2018
As reported by BarentsObserver, Finnish industry with increasing interest looks towards Arctic oil and gas projects, among them the Shtokman project in the Barents Sea. Finland has a number of technologically advanced engineering companies and a world-leading shipbuilding industry.
