Second-largest gas producer Novatek has been in talks over including EDF in an Arctic liquefied natural gas project, a Novatek spokesman said Wednesday.
"We are in talks about adding a number of companies, including EDF, to Yamal LNG," the spokesman said. He also said the final investment decision on the project is expected by the end of this year.
"The talks are very preliminary and no decision has been taken yet," an EDF spokeswoman said.
The Yamal LNG project will develop the South Tambei field located in the Arctic area of the Yamal Peninsula. Total, a French gas group, owns 20 percent of Yamal LNG. Novatek has said it plans to retain at least 51 percent in the project and has been looking for other partners to develop it.
(Reuters)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
