Russia approves Silk Road Fund stake purchase in Yamal LNG

摘要

Russia has approved Chinese state-backed investor Silk Road Fund to acquire a 9.9% stake in the 15.6 mtpa Yamal LNG project from operator Novatek, the Russian government said in a statement late last week. The Russian parliament will also reportedly vote on the deal, which would leave Novatek with a majority stake (50.1%) alongside Total and CNPC (20% each) and Silk Road Fund (9.9%).