Circumventing sanctions: Yamal LNG becomes a precedent

... face” for the loud-mouthed US neocons. Yamal’s liquid natural gas venture is located in the deep arctic region of Russia. Shareholders of the Yamal LNG project include Novatek (50.1%), France’s Total (20%), CNPC (20%), and China’s Silk Road Fund (9.9%). The project’s proven and probable natural gas reserves are estimated at 926 billion cubic meters. Yamal LNG will have three lines, each with a capacity of 5.5 million tons for a total of 16.5 million tons annual production volume, 95% of which are already pre-sold. According to preliminary contracted quantitates, 85% of the annual production capacity will ...