Novatek sells 9.9% of Yamal LNG to Chinese fund

The Yamal LNG project.

The Yamal LNG project.

Source: Novatek
Stake valued at about 1.1 billion euros.

Novatek has closed the sale of a 9.9 percent stake in the Yamal LNG project to China's Silk Road Fund (SFR), the Russian gas producer said in a statement.

The stake was sold for 1.087 billion euros.

Read more: St Petersburg to be on the ‘Silk Road’

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