Total Paid Novatek $425M For 20% Stake In Yamal LNG

Total Paid Novatek $425M For 20% Stake In Yamal LNG
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Παρ, 11 Νοεμβρίου 2011 - 19:08
Russia's biggest independent natural gas producer, OAO Novatek (NVTK.RS), Friday said French energy company Total SA (TOT) paid $425 million for a 20% stake in the Yamal liquefied natural gas project in northern Russia.
Russia's biggest independent natural gas producer, OAO Novatek (NVTK.RS), Friday said French energy company Total SA (TOT) paid $425 million for a 20% stake in the Yamal liquefied natural gas project in northern Russia.

"Total consideration for the 20% stake includes a cash payment of $425 million, as well as financing for the project through additional contributions," Novatek said in its third-quarter results.

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