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Putin launches giant $27 bn LNG project in the Arctic

President Vladimir Putin on Friday launched a $27 billion liquefied natural gas plant in the snow-covered plains of the Arctic as Russia hopes to surpass Qatar to become the world's biggest exporter of the chilled fuel. The Russian president congratulated workers as he oversaw the first gas shipment being loaded onto an icebreaking tanker from a LNG plant amid minus 28 degrees Celsius (minus 18 degrees Fahrenheit) weather in the port of Sabetta on the Yamal Peninsula above the Arctic Circle.
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