Shinzo Abe: Japan Considering Financing Russia's Yamal LNG Project

© AP Photo / Maxim ZMEYEV A view taken on December 7, 2017 shows the Yamal LNG plant in the port of Sabetta on the Kara Sea shore line on the Yamal Peninsula in the Arctic circle, some 2500 km of Moscow
A view taken on December 7, 2017 shows the Yamal LNG plant in the port of Sabetta on the Kara Sea shore line on the Yamal Peninsula in the Arctic circle, some 2500 km of Moscow - Sputnik International
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MOSCOW (Sputnik) - Japan is considering participation in financing Russia's Yamal LNG project, Japanese Prime Minister Shinzo Abe said Friday.

"As for the traditional sphere [of cooperation with Russia], the energy sector, we are also working on various projects, including on Sakhalin, we continue to consider the possibility of Yamal LNG, the construction and financing of these projects," Abe said at a St. Petersburg International Economic Forum (SPIEF) session.

Qatari Energy Minister Mohammed Saleh Al Sada at the news conference following the OPEC meeting in Vienna - Sputnik International
Qatar Sees Russia's Launch of Yamal LNG Project as Part of Market Growth
Yamal LNG is implementing a project to build an LNG plant on the resource base of the Yuzhno-Tambeyskoye field. The shareholders are Novatek (50.1 percent), France's Total (20 percent), as well as Chinese CNPC (20 percent) and the Silk Road Fund (9.9 percent). The project's cost is estimated at $27 billion.

SPIEF, held annually in Russia's second largest city of St. Petersburg, is a major global platform for communication between business representatives and the discussion of crucial economic issues. The event started on Thursday and will continue through Saturday. Rossiya Segodnya International Information Agency is the official media partner of the forum.

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