Yakutia Fuel and Energy Company
China's Zhejiang Energy acquires from A-Property 10% each of YATEC and GlobalTek, which are implementing the Yakutsk LNG project. According to the preliminary terms, A-Property will be in charge of comprehensive construction management, while the Chinese side will supply liquefied natural gas to the Chinese market. At the current stage, the Yakutia gas project is valued at €5 billion. The deal is scheduled to be closed in October 2022.