Putin to launch giant $27 bn LNG project in the Arctic - News Summed Up

Putin to launch giant $27 bn LNG project in the Arctic


Total said on Friday the first shipment from the Yamal plant was ready to leave Sabetta. “Despite challenging operating conditions, Yamal LNG was delivered on time and on budget,” said Samuel Lussac, an oil and gas specialist at Wood Mackenzie consultancy. “That is unusual in the LNG industry.”“Novatek, once a domestic gas supplier, becomes a global LNG player” with the project, he added. Arctic sea ice melt to exacerbate California droughts: studyDespite the project’s completion, Yamal LNG still faces risks, analysts said. Russia hopes the route will become an easier path to coveted Asian markets, with the LNG project contributing to understanding of how to navigate the Northern Route.


Source: The Express Tribune December 08, 2017 12:22 UTC



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