A Russian gas project may soon test Moscow’s newfound willingness to cede greater control of its energy assets to Beijing in exchange for much-needed Chinese financing.
Arkady Dvorkovich, Russia’s deputy prime minister, said that China National Petroleum Corporation could raise its stake in the $27bn Yamal liquefied natural gas project which is majority-owned by Novatek. “Novatek already has a
Chinese partner in [the] Yamal LNG project and they have a 20 per cent share and they are considering increasing the share in the project,” he said.
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