France's Total CEO Sees No Change in Yamal Schedule
ST PETERSBURG, Russia, May 22 (Reuters) – The chief executive of France's Total said on Thursday he saw no change in schedule for the Yamal liquefied natural gas project and that it was important to continue business as usual in Russia.
Total is developing the $27 billion Yamal LNG project with Russia's second-largest natural gas producer, Novatek, and China's CNPC. The first production unit, with annual capacity of 5.5 million tonnes, is due to be launched in 2017.
"For the time being there are no changes at all, all the dates remain the same," Christophe de Margerie, told reporters at the St Petersburg International Economic Forum.
In a reference to Western sanctions imposed on Moscow over the crisis in Ukraine, he said: "(It) is important to continue to do our business as usual.... I am not scared , it is my job .. Total has always been very clear: we don't think sanctions are improving anything."
(Reporting by Katya Golubkova and Vladimir Soldatkin; Writing by Lidia Kelly)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Saudi Aramco and Total JV to Hire SMBC to Advise on Funding (Jan 17)
- Deepwater Nigeria Field Starts Production (Jan 02)
- Total Spuds Well Offshore South Africa (Dec 27)
Company: CNPC more info
- CNPC Plans Internal Consolidation To Fast-Track Gas Storage Upgrade (Jun 01)
- Total at Risk of Losing Gas Field Stake to CNPC If It Quits Iran (May 07)
- China's CNPC Sells First Gasoline To Americas As Fuel Stocks Hit Record (Apr 03)
Company: Novatek more info
- Thick Sea Ice Blocks LNG Exports From Russia's Arctic Plant (Jun 21)
- Les Echos: Novatek CEO Says He Believes Total Will Join Arctic LNG 2 (Apr 25)
- Russian LNG Exporter Warns Against 'Vilifying' Country's Gas (Mar 16)