MOSCOW: Russia’s Novatek finalized on Tuesday (Wednesday in Manila) a 1.09-billion-euro ($1.2-billion) deal to sell China’s Silk Road Fund a 9.9 percent stake in an Arctic natural gas project whose development has been complicated by Western sanctions against Moscow.
The deal concerning the equity stake in the Yamal LNG project had been discussed for months but this is the first time Novatek disclosed the transaction value.
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