NOVATEK hopes for serious financial help of China in the project «Yamal LNG»
10:28 10 декабря 2014
Категории: News in English
NOVATEK hopes that banks of China will take a bigger part of financing of the project «Yamal LNG». This information was given by the head of the company Leonid Mikhelson.
According to his words, in the first half of 2015 NOVATEK counts to close all questions on financing of the project. Leonid Mikhelson adds that the bigger part of money will be received from Chinese banks.
As we should remind, the government of the Russian Federation wants to set free NOVATEK from paying of the value added tax at transportation of foreign equipment to Russia for the project «Yamal LNG». It is became known in the middle of November. In the case of approval of this document by the cabinet of ministers, NOVATEK will economize 100 million dollars on the project, as it is informed on the portal neftegaz.ru.
The project «Yamal LNG» foresees building of the plant on production of liquefied natural gas with capacity 16 million and 500 thousand tons per year on resource base of the South-Tambey field. Proved and probable reserves of the field make 907 milliard cubic meters of gas. The project foresees creation of transport infrastructure: the airport and the sea port in the district of the settlement Sabetta. The Russian company NOVATEK (60%), the French company Total (20%) and the Chinese company CNPC (20%) participate in this project.