Circumventing sanctions: Yamal LNG becomes a precedent

... (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... ... annual production capacity will be transported to the Asia-Pacific region, out of which China will receive 3 million tons. The project is expected to become operational in... ... The major shareholder of Novatek, Gennady Timchenko, happens to be a close friend of Russia’s President Vladimir Putin. In 2014 Novatek was put on the US sanctions list, which forbid financing the company. This greatly endangered the realization...