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Putin gives thumbs up for Total's Yamal plan

Posted by Editor on 15.06.2010 06:52 | Published in Нефть и Газ
Yamal Peninsuala encampment of indigenous Nenets tribe

Putin givesthumbs up for Total's Yamal plan

Russian Prime Minister Vladimir Putin has endorsed a proposal by French giant Total to invite Qatar to join major gas projects on Russia's Yamal, Total's chief Christophe de Margerie said.

Last year, Total signed a deal to partner Russia's top independent gas producer Novatek to invest $1 billion in Termokarstovoye gas condensate field in the far northern region of Yamal-Nenets.

 

Total is also talking to Russia's gas giant Gazprom on taking part in liquefied natural gas projects on Yamal while Gazprom is looking itself to expand co-operation with Qatar.

"I told Putin the Qatar government wants to be partner with Novatek in Yamal LNG projects. Putin is totally in favour of it. He said on commercial terms it is up to Novatek but as a company, as a partner I support you," de Margerie told Reuters.

 

Yamal Peninsuala encampment of indigenous Nenets tribe Yamal Peninsuala encampment of indigenous Nenets tribe Reuters
Last modified on 15.06.2010 17:44
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