French supermajor Total said Friday the first cargo of liquefied natural gas is leaving an Arctic facility in Russia, one of the largest in the world. The French company holds a 20 percent stake in the Yamal liquefied natural gas project, alongside China National Petroleum Corp., with a 20 percent stake, and Novatek, Russia’s largest independent gas company and the majority stakeholder. Total said the first cargo of LNG was ready for shipment as of early Friday. “Together we managed to build from scratch a world-class LNG project in extreme conditions to exploit the vast gas resources of the Yamal peninsula,” Total Chairman and CEO Patrick Pouyann√© said in a statement . The Yamal LNG project has the capacity to produce about 16.5 […]