OREANDA-NEWS Yakut Fuel and Energy Company (YATEK) It announced the freezing of the Yakut LNG natural gas liquefaction project with a capacity of 17.7 million tons per year. This is stated in a press release on the company's website.

YATEK now wants to use its own gas reserves to generate electricity, which will be spent on data centers, mining and cloud computing.

The company stressed that the digital facilities will be managed by its partners interested in long-term gas supplies and the development of digital infrastructure in the region. At the first stage, they will create a total generation capacity of 200 megawatts. It is not reported which structures are involved in the project.

According to Kommersant, the decision to stop the LNG project was expected. Last year, Yakutsk LNG was added to the US sanctions list, which made the project unrealistic. YATEK did not have the appropriate competencies for construction, and the supply of equipment, trading and financing also turned out to be much more difficult than expected at the stage of preparation for it.

Independent expert Alexander Sobko called the decision made by the company logical. The new project looks interesting, and if successful, it can be scaled up to other regions of the country.