Investments into Yamal LNG project are estimated at almost $27 billion

The Yamal LNG’s Board of Directors has made the final investment decision on project of the South-Tambeiskoye gas condensate field development and LNG plant construction in Yamal, the company reports. Total investments are estimated at $26.9 billion. The investments of shareholders into the project before the investment decision was made were $2.6 billion.

The launch of the plant’s first line is scheduled for 2017, the report specifies. Commissioning and start-up at facilities of the first line are planned to be started in 2016. The total capacity of the plant of three technological lines will make up 16.5 million tons of LNG per year.