President Vladimir Putin launched Friday a $27 billion liquefied natural gas plant in Siberian Arctic as Russia hopes to surpass Qatar to become the world’s biggest exporter of the chilled fuel.

“It is a great day for us,” Putin said at the official ceremony in the port of Sabetta on the Yamal peninsula beyond the Arctic circle. “It is a large-scale project for Russia.”

Details later.

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Source: Punch

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BREAKING: Putin inaugurates $27 bn LNG project in the Arctic
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