NOVATEK: “Yamal LNG” to be profitable even at low oil prices

“Yamal LNG” will be payable even at $30 per a barrel, the head of “NOVATEK” L.Mikhelson stated. According to him, the project will keep its profitability, despite LNG price is pegged to oil price.

The head of the company added that the credits have been attracted for 15 years. “Ysmsl LNG” compares favourably with its low cost of production and liquiefaction, as well as increased production capacity of the lines by 10%.

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