According to Reuters, Novatek is aiming to launch its first LNG Train for the Yamal LNG project in 2017. The Train will have a capacity of 5.5 million tpy of LNG, and will not require any extra financing.
Reuters reports that the Yamal LNG project is currently attempting to raise US$10 billion in external financing, which it is mainly sourcing from China.
Once complete, the Yamal LNG project should have three LNG Trains, with a total overall capacity of 16.5 million tpy of LNG.
Edited from various sources by David Rowlands
