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.

CNPC buys stake of Russian LNG project CNPC buys stake of Russian LNG project CNPC buys stake of Russian LNG project CNPC buys stake of Russian LNG project CNPC buys stake of Russian LNG project

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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