11 Dec 2017 10:00

Yamal LNG cost recovery very good - Novatek

SABETTA. Dec 11 (Interfax) - The cost recovery of the Yamal LNG project is very good thanks to "very good" prices for LNG, the CEO of Russian gas producer Novatek , Leonid Mikhelson told reporters.

"Prices on the Asian LNG market are very good right now, higher by $1.50-$2.00 per MBTU," Mikhelson said.

The overall cost of the Yamal LNG project is estimated at $27 billion.