Vladimir Putin discussed the project «Yamal LNG» with Leonid Mikhelson
16:24 19 января 2016
Категории: News in English
The President of Russia Vladimir Putin discussed the project «Yamal LNG» with the chairperson of the board of the company «NOVATEK» Leonid Mikhelson.
According to the words of Leonid Mikhelson, its fulfillment is taking place according to the plan.
During the coming weeks the company plans to close the transaction with the Chinese Investment Silk Road Fund. The head of the company showed the small presentation by the results of work of last year. In the result of growth of gas condensate extraction, all large processing capacities of the company, which were created, were put to full production last year. Growth of gas extraction in NOVATEK made 9 percent, about 68 milliard cubic meters were extracted, growth of liquid hydrocarbons, basically gas condensate and oil, — 51 percent. Revenue from sales grew on 33 percent. The personnel were increased on 12 percent, as it is informed on the portal kremlin.ru.
All social programs were kept in full amount; all charitable projects are being fulfilled, as Leonid Mikhelson says. Having told about signing in December of 2015 of the agreement with the Chinese Investment Silk Road Fund on 9.9 percent, the head of NOVATEK presented information about one of the most important projects — «Yamal LNG». As he explains, all corresponding documents have been already signed. The contract is being ratified in the State Duma. After that, in several coming weeks the transaction will be closed.
Leonid Mikhelson thanked the President for rendering of help in allocation of monetary means of the Russian National Wealth Fund. The time is hard. The company was included to sanction lists. In the end of 2015 the company received the second tranche, and continues financing together with its partners. About 15 milliard dollars have been already financed, 2 milliard and 300 million from them are the monetary means of the Russian National Wealth Fund, as he says. He adds that the Chinese side invested about 5 milliard dollars, the French side – 3 milliard and 700 million dollars.
As we should remind, «Yamal LNG» fulfills the project on building of the plant on production of liquefied natural gas with capacity 16 million and 500 thousand tons per year on resource base of the South-Tambey field. The total cost makes 26 milliard and 900 million dollars. The beginning of production of LNG is planned for 2017. The shareholders of «Yamal LNG» are: NOVATEK (60%), CNPC (20%) and Total (20%).
Chinese companies being controlled by the state can receive more than 25%. Technologies being used allow working on embodiment of the project even at low arctic temperatures, as the head of the company notes. The plant is being built in modular fulfillment, and it will allow decreasing terms of building on about a year and a half. The first reservoirs have been assembled and installed. This year it is planned to receive other 72 reservoirs.