Putin welcomes Qatar in LNG project on Yamal
Russian Prime Minister Vladimir Putin has endorsed a proposal by French oil major Total to invite Qatar to join major gas projects on Russia’s Yamal, Total’s chief Christophe de Margerie said.
After a meeting with Russia’s Prime Minister Vladimir Putin in Paris last week Total’s President Christophe de Margerie said that he had told Putin that the Qatar government wants to be partner with Novatek in the Yamal LNG project, Reuters.com reports. - Putin is totally in favour of it, de Margerie said. - He said on commercial terms it is up to Novatek but as a company, as a partner I support you.
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Novatek plans to complete the construction of a LNG plant on the Yamal Peninsula in year 2018. The plant is to be constructed near the Yuzhno-Tambeyskoe field and have a capacity of 15-16 million tons of LNG per year.
Total bought a 49 percent stake in the Novatek owned unit set to develop the gas-field in 2009, as BarentsObserver reported.
