CNPC buys stake of Russian LNG project

RUSSIAN gas player Novatek has agreed to sell a 20% stake of the Yamal LNG project it shares with French supermajor Total SA to a subsidiary of China National Petroleum Corporation.

15 January 2014
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The sum to be paid was not revealed.

"The closing of the deal with CNPC is the culmination of our hard work and collective efforts," Novatek chairman Leonid Mikhelson said.

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