Novatek, the operator of the Yamal LNG project, informed that the extraordinary general meeting of shareholders approved the election of new members to its board of directors.
Novatek said in a statement that the company’s board will consist of:
The company recently concluded a framework agreement with China’s Silk Road Fund on the acquisition of a 9.9% equity stake in the Yamal LNG project, that has reached 30 percent completion mark.
The giant LNG project located on Yamal Peninsula in Russia, which includes the construction of a 16 mtpa liquefaction plant, is still expected to ship its first cargo by the end of 2017.
LNG World News Staff; Image: Novatek