The government of Russia will support the project «Yamal LNG»
9:32 31 октября 2014
Категории: News in English
The government of the Russian Federation intends to support the project «Yamal LNG». It was declared by the President of the Russian Federation Vladimir Putin on the meeting with the chairperson of the board of the company «NOVATEK» Leonid Mikhelson.
According to the information given by the head of NOVATEK, drilling was completed – 20 exploitation wells were drilled, it is about 35 percent of necessary wells of the first stage. About 7000 builders are working on the building site. The settlement for builders for 12 thousand places is practically ready, for operating personnel – for 1500 places. Building of two reservoirs for LNG for the first stage is being conducted.
Building of the airport is being completed. Permission for exploitation was received. Certification of the airport was started. As Leonid Mikhelson considers, flights will be started by the end of this year. Building of the cargo port is being completed. It is planned to input the port to operation in December. Last year more than 500 thousand tons were unloaded there. This year it is planned to unload about 1 million and 500 thousand tons. Building of basic objects of the port was started. He thanked for support and for timely approval of all corresponding governmental decisions in order the building process would be completed in proper time.
Also as Leonid Mikhelson notes, the long-term contract about icebreaker piloting was signed with Atomflot. «Yamal LNG» will provide loading of two nuclear-powered icebreakers, including the new LK-60, which is being built now. Also the contract was concluded between «Port fleet» and Atomflot. All ships of «Port fleet» were ordered, 5 ships – of Vyborg Shipbuilding Yard.
As the chairperson of the board of the gas-extracting company underlines, in connection with the sanctions, the company has restrictions on financing of the project, as NOVATEK was included to the sanction list. But he expressed gratitude to the government for support. Now the issue about attracting of monetary means from the Russian National Wealth Fund is being scrutinized. It will make 18 percent of the total necessary amount of financing. But it is very important that everyone sees that the state supports this project.
As Leonid Mikhelson notes, structure of external financing was discussed with all banks, with basic Chinese and Russian banks. He expressed hope that till the end of this year the company will manage to make all necessary credit documents in order to open external financing in the first half of the year. Till that time shareholders have enough financial potential in order the work would be fulfilled in proper time. The deadline – the year of 2017 – is confirmed and will be met.
Vladimir Putin summed up the results of the meeting. As he notes, this work is very big and necessary. He knows about those difficult issues, which were mentioned by the head of NOVATEK. They were discussed in the government. The decision about necessity to render assistance in fulfillment of the project «Yamal LNG» was taken.