Russia to build LNG facility on Yamal in 2016

TYUMEN, July 22 (Itar-Tass) -- Russia will build a new liquefied
natural gas facility on the northern Yamal Peninsula in 2016, the press
service of the oil and gas-rich province said on Thursday.
The LNG plant will process gas from Yuzhno-Tambeiskoe field and will
be erected by NOVATEK Company on orders of the Russian government.
The facility and a sea terminal will be built in the east of Yamal. A
fleet of ice-breaking tankers will service the LNG plant.
The Russian government commission for foreign investments approved the
bid of the French Total on July 20 for the purchase of YAMAL LNG stock.
Yamal Governor Dmitry Kobylkin said "Total's access to Yamal LNG
project is a strategic decision. Synergized efforts of federal and
regional authorities and investors will create on Yamal a major world
center for the production of liquefied natural gas."
Total said it was ready to buy 20.5 percent of stock in Yamal LNG.