SP500 0.58% 2,958.8 standard & poor's 500

Silk Road Acquires 9.9% Stake in Yamal LNG

  1. 90 Posts.
    Novatek and Silk Road Fund (SRF) have concluded a framework agreement on the acquisition by SRF of a 9.9% equity stake in the Yamal LNG project.

    Yamal LNG project envisages the construction of an LNG plant with annual capacity of 16.5 MMT/y based on the feedstock resources of the South-Tambeyskoye field. According to the PRMS reserve standards, the proven and probable reserves of the South-Tambeyskoye field as of 31-Dec-2014 were appraised at 926 Bcm of natural gas.

    Post-transaction ownership of Yamal LNG: Novatek (50.1%), Total (20%), CNPC (20%) and SRF (9.9%).
 
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