Gazprom, Novatek form JV to produce LNG on Yamal Peninsula

摘要

Gazprom and Novatek have formed a joint venture to develop gas resources on the Yamal Peninsula to feed an LNG export facility to supply Asian markets, Dow Jones Newswires reported. The venture will develop plans for gas-field development and the LNG facility. It plans to approve the project's key parameters, including a timetable for a final investment decision and financing conditions, by the end of the year.