Yamal LNG picks Teekay LNG, two others to build gas carriers worth $5B

The Yamal LNG project in Russia's Arctic reportedly has chosen Canada's Teekay LNG (TK, TGP), Japan's Mitsui and Russia's Sovkomflot to build 16 liquefied natural gas carriers worth $5B.

The project is scheduled to start producing gas in 2016 and supply 16.5M metric tons of the tanker-shipped fuel in 2018; Russia's Novatek holds a 60% stake in the $27B, while France's Total (TOT) and China's CNPC (SNP) own 20% each.

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Comments (1)
  • youngman442002
    , contributor
    Comments (5123) | Send Message
    He who has the most tankers wins...
    23 Apr 2014, 08:36 AM Reply Like
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