Saudis invest in Novatek's future LNG projects
Monday, 08 January 2018
Attending the inauguration of Novatek’s landmark $27-billion Yamal LNG plant on December 8, the Saudi Arabian Energy Minister Khalid Al-Falih confirmed the Middle East oil nation is considering investing in future LNG projects in the Russian Arctic. Talks are being held about setting up a $1 billion energy fund, aimed at fostering future supply of Russian LNG as part of a Saudi government plan to use more gas for power generation.
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