Novatek Takes All of Yamal LNG

摘要

Top Russian gas independent Novateksaid Friday it has raised its holding in itsflagship Yamal LNG project to 100% in amove that paves the way for minoritystakes to be allocated to strategic investors, of which the largest will beFrench major Total with 20%.Novatek, which previously held 51% inthe Yamal LNG company, said it had exer-cised its two call options for the remaining49% through wholly owned subsidiary No-vatek North-West.