Silk Road Fund to Obtain 9.9% Stake in Novatek's Yamal LNG Project



Reuters

MOSCOW, Sept 3 (Reuters) - Russia's second-biggest gas producer Novatek signed a framework agreement on Thursday for China's Silk Road Fund to obtain a 9.9 percent stake in its Yamal liquefied natural gas (LNG) project, the company said in a statement.

The deal, first discussed in August and worth an estimated $1.4 billion, was inked as part of a visit by President Vladimir Putin to Beijing to mark 70 years since the end of World War Two in Asia.

(Reporting by Denis Dyomkin; Writing by Jack Stubbs; editing by Polina Devitt)



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.

RELATED COMPANIES