Support The Moscow Times!

India Bids for Yamal LNG

A consortium of Indian companies — ONGC, Indian Oil Corporation and Petronet LNG — wants to buy a 15 percent stake in the Yamal LNG project, Petronet LNG chief executive A.K. Balyan told reporters.

Balyan said Tuesday that he hoped a final decision would be made in the next two months. The Yamal LNG total project cost is about $23 billion to $24 billion, he said.

Novatek and Total are partners in the Yamal LNG project, which should start producing 5 million tons of liquefied natural gas a year in 2016.


… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

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 you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more