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9 Dec 2017

Defiant Putin launches £20bn liquefied natural gas plant in the Arctic

"People told me not to pursue this," says Mr Putin - as the first shipments are loaded onto a tanker in sub-zero temperatures.


Russia has opened a multi-billion pound liquefied natural gas (LNG) plant in the Arctic with the hope of becoming the world’s biggest exporter of the cold fuel.

President Vladimir Putin boasted that he had defied critics to open the £20bn plant in the country's northern region of Yamal - a move aiming to surpass Qatar in exporting LNG.

"This is a large-scale project for Russia," said the leader as he congratulated workers while overseeing the first gas shipment being loaded onto a tanker in -28C temperatures.

"At the start of the project, people told me not to pursue this. Those who started this project took a risk but achieved a result."

Khalid al-Falih, Saudi Arabia's energy minister, and other officials attended the launch, which saw Russian gas producer Novatek partnering with France's Total and China National Petroleum Corporation (CNPC).

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