The government will buy out the bonds of «Yamal LNG» from the Russian National Wealth Fund until the end of this year
16:37 13 февраля 2015
Категории: News in English
The Russian government intends to buy out the bonds of «Yamal LNG» from the Russian National Wealth Fund in two tranches in 75 milliard rubles each.
This information was given by the head of the Ministry for economic development Aleksey Ulyukayev.
As RIA «Novosti» informs, one tranche will take place in the first quarter, the second is expected till the end of this year. As he says, he knows that the emission of the company was conducted in bigger amounts than it had been discussed by the purchasers of the emission. The ministry proceeds from so that the means of the Fund will be used in the amount not more than 150 milliard rubles.
As we should remind, in the end of last December the government approved allocation of 150 milliard rubles from the Russian National Wealth Fund for the project «Yamal LNG». The companies Total (France) and CNPC (China) participate in this project together with NOVATEK (Russia). It foresees building of the plant with capacity 16 million and 500 thousand tons of liquefied gas per year on the basis of the South-Tambey field.