Support The Moscow Times!

$260Bln for Yamal’s Gas

Russia may spend as much as 8 trillion rubles ($260 billion) in the next 25 years to develop gas projects on the Yamal Peninsula, Vedomosti reported Tuesday, citing government documents.

That includes 858 billion rubles required for a liquefied natural gas project that is being developed by Novatek, the paper reported.

(Bloomberg)


Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.