US$27b Russian Arctic gas project on stream despite cold, sanctions

Sabetta, Russia

SPREAD across the frozen whiteness of the Russian Arctic, the ambitious US$27 billion Yamal gas megaproject aims to defy both the extreme temperatures and the Ukraine crisis impacting its funding.

Some 2,500 kilometres north-east of Moscow, the Yamal site - a joint venture by Russia's Novatek, France's Total and China's CNPC - is eventually meant be one of the world's biggest liquefied natural gas (LNG) projects and ship deliveries to both Asia and Europe.