Support The Moscow Times!

Novatek Mulls Role for EDF

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)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.