Novatek, Total Delay Start of Yamal LNG Project to Early 2017
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OAO Novatek and Total SA shifted the start of liquefied natural gas production at the $20 billion Yamal LNG project in Russia’s Arctic to 2017 after delays reaching an investment decision.
The first production line, or train, will start chilling fuel to a liquid for shipment by tanker in the beginning of 2017, according to an investor presentation obtained by Bloomberg News. The venture had planned to start LNG output in the fourth quarter of 2016.