Boxscore Construction Analysis

E. Gerden, Contributing Writer Chinese investors are accelerating their expansion into Russia’s oil and gas sector through the acquisition of stakes in key industry projects. The Russian government recently approved the sale of a 9.9% stake in the Yamal LNG project to Silk Road Fund Co. Ltd., one of China’s largest investment funds. The project involves the construction of an LNG plant at Sabetta, northeast of the Yamal Peninsula. It is considered a promising venture by its foreign investors. Among the major shareholders of Yamal LNG are local gas producer Novatek (50.1%), Total (20%) and CNPC (20%). The Silk Road Fund has become the second Chinese strategic investor in the project, after