When completed, the project will include three production facilities with a capacity of 16.5 million tons a year by the start of 2019, as Russian Federation looks to surpass Qatar as the world's biggest LNG exporter. "Those who started this project took a risk but achieved a result".
"Buy our gas and you'll save oil", President Vladimir Putin told Saudi Arabia's Energy Minister Khalid al-Falih who attended the opening ceremony in Russia, Reuters reported.
It will also add to the current drama over U.S. recognition of Jerusalem as Israel's capital, which has seen Saudi Arabia - a close ally of Washington - slam Donald Trump's decision.
"Novatek, once a domestic gas supplier, becomes a global LNG player".
At a recent conference, Gazprom E&P official Nikolay Kislenko warned that Novatek's planned LNG shipments to Europe could displace pipeline exports, depriving the Russian government of much-needed tax revenue.
As corporate Russia looks to diversify away from European markets, expect the Sino-Russian energy relationship to intensify.
The first cargo from the Yamal LNG project will be shipped to Asia, Mikhelson said, giving no definite destination.
Mr Monakov also said transportation costs were low as the plant effectively sat on a gas field.
"Together we managed to build from scratch a world-class LNG project in extreme conditions to exploit the vast gas resources of the Yamal peninsula", he said in a statement.
Mikhelson also welcomed the participation of France's Total, which owns 18.9% of Novatek and 20% in its Yamal LNG project.Novatek has one more LNG project, Arctic LNG-2, which will be implemented on the Gydan Peninsula.
The project will eventually have four processing units, known as trains, with a total capacity of 17.5 million tons a year. "That is unusual in the LNG industry".
Since its inception in late 2013, an airport and a port have had to be constructed, as well as gas reservoirs and the LNG plant itself.
The first phase of the $27 billion project was completed in December.
Lussac of Wood Mackenzie said that the coming months will show "whether the plant can operate smoothly in the harsh Arctic environment".
According to Bloomberg , the company has already signed up Warner Music Group and is in talks with Sony and Universal Music. Cost aside there is also some detail about what the service may offer to consumers who choose to subscribe to it.
Longtemps menée 0-2, l'AS Monaco a fini par battre 3-2 Troyes grâce à un doublé de Carrillo dans les ultimes minutes. A commencer par la lanterne rouge Metz qui a longtemps mené face à Rennes avant dêtre rejoint en fin de partie (1-1).
Minutes before the last rites, the family discovered the baby was still breathing and rushed him to a private nursing home . This was due to a government panel finding that the hospital did not adhere to norms regarding newborn infants.
Besides overcoming the deficit and elevation, the Nets overcame foul trouble to starting point guard Spencer Dinwiddie. Overall this season, he is averaging 22.5 points, 9.9 assists and 9.3 rebounds while shooting 40.4 percent.
Nifty posts biggest weekly gain in six
The Nifty closed at 10,265.65, a hefty gain of 98.95 points, or 0.97 per cent, after shuttling between 10,270.85 and 10,195.25. Bucking the trend, SBI topped the gainers list by rising 1.92%, while Bharti Airtel gained 1.18%.
Jermain Defoe equaliser gives Bournemouth draw at Palace
It emerged after the match that Benteke had not been told to take the penalty and simply decided himself he would take it. Asmir Begovic saved comfortably and the danger was then averted when Simon Francis got back in to clear the ball.
Tottenham se relance avec brio — Premier League
Au classement, ce succès permet aux hommes de Mauricio Pochettino de dépasser provisoirement Arsenal (5e, 28 pts). Crystal Palace a été tenu en échec par Bournemouth (2-2) et a perdu Sakho sur blessure.
Soulcalibur 6 is coming in 2018 and a PC version is confirmed
However, this does mean that we'll probably be seeing fan favorite characters return to their Soulcalibur one roots designs. The weapons and character roster is apparently "stellar" and even more so when "combined with a simple control layout".
Five takeaways from the Lakers' 107-104 win over the 76ers
GM Bryan Colangelo said before the game that Fultz is pain-free, however. "Hopefully we win some of these games this time". Your offense gets much tougher to defend if players are constantly moving instead of spotting up and waiting for the ball.