Russia and France discussed issues of financing of the project «Yamal LNG»
14:10 29 октября 2015
Категории: News in English
The minister for energy of the Russian Federation Alexander Novak and the minister for ecology, sustainable development and energy of France Segolene Royal discussed opportunities to accelerate financing of the project «Yamal LNG».
As Alexander Novak informs, they discussed opportunities to accelerate processes of financing of the project, though the project is being fulfilled within a set timeframe, and they expect that till the end of 2017 the first stage will be started up.
The project «Yamal LNG» with the cost 27 milliard dollars is waiting for receiving of the second tranche from the Russian National Wealth Fund in the size 75 milliard rubles. The first such tranche was received in the beginning of the year. Till the end of the year the shareholders of «Yamal LNG» — «NOVATEK» (60%, 9.9% of which can be purchased by the Chinese fund SRF), the French company «Total» (20%) and the Chinese company CNPC (20%) – count to attract about 20 milliard dollars of project financing. The basic part of financing can be received from Chinese banks. The funds will be attracted under guarantees of European and Asian export-credit agencies.
Sigolene Royal confirmed interest of France in fulfilment of the project on building of the gas pipeline «Nord Stream-2».
Alexander Novak also will conduct the meeting with the minister for energy of the Federal Republic of Germany. They will discuss issues of energy cooperation with Germany, first of all, participation of German and Russian companies in joint projects, as it is informed on the portal vestifinance.ru.