The Ministry for economic development preliminarily approved allocation of 150 milliard rubles for the project «Yamal LNG»
9:37 17 октября 2014
Категории: News in English
The Ministry for economic development recognized the project of NOVATEK «Yamal LNG» strategically important. It allows claiming for receiving of finances from the Russian National Wealth Fund.
NOVATEK is asking for about 150 milliard rubles. The issue, what sum of money the company will receive, will be ascertained at approving of the project, as «Vedomosti» informs. Now NOVATEK has 6 months for giving documents with detailed economic substantiation of the project to the Ministry for economic development. But first, the documents will be sent to the Ministry for energy and later to the Ministry for economic development, which should coordinate its position with the Ministry for finances. If there are no remarks, the documents will be sent to the government of the Russian Federation for scrutinizing.
The project «Yamal LNG» supposes building of the plant on liquefying of natural gas with capacity 16 million and 500 thousand tons per year on resource base of the South-Tambey field. The project is assessed in 27 milliard dollars. Commercial production of LNG on the plant should be started in 2017.