Novatek waits for Moscow on Yamal talks

摘要

Pevek, Russia-Russia’s Novatek is to wait to see what kind of support Moscow will offer for the development of the remote Yamal Peninsula before the company proceeds with detailed talks with potential partners for a stake in the Yamal LNG project, Novatek CEO Leonid Mikhelson said August 25. Last week, Novatek said it had suspended talks with potential foreign partners in the project until a tax regime for the project is clarified. The Russian government is expected to approve the program by the end of the year.