Oreshkin: Total and NOVATEK discuss further development projects in Russia

© RIA Novosti / Grigory to Sysoeva in fotomancer of economic development of Russia Maxim Oreshkin. Archival photoOreshkin: Total and NOVATEK discuss further development projects in Russia© RIA Novosti / Grigory to Sysoeva the image Bank

Total and NOVATEK discuss further development projects in Russia, told journalists the Minister of economic development of Russia Maxim Oreshkin following the meeting with representatives of French business.

«The meeting was attended by the representative of the company’s Total, which is very actively engaged in projects in Russia, together with NOVATEK is working on a major project of «Yamal LNG». They discuss the possibility of further development projects in Russia, so here also absolutely positive attitude,» said Oreshkin.

«The company are satisfied with the investments that are made in Russia, and Total has supported this project in a really difficult period for the Russian economy in 2014-2015, so now the company is very satisfied. And once again what I always say: those companies that start investing early, get the maximum benefit and therefore keep your business in Russia and only increasing the volumes of investments,» he said.

France’s Total is one of the largest oil and gas companies in Europe. Is shareholder of the Russian independent gas producer NOVATEK with a share of 18.9%, and also owns a 20 percent stake in the project «Yamal LNG», where the main shareholder of «NOVATEK». Total also showed interest to participate in the project «Arctic LNG 2».

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