The government of the Russian Federation approved entering of the Silk Road Fund to «Yamal LNG»
15:35 21 января 2016
Категории: News in English
The government of the Russian Federation approved the draft law about ratification of the intergovernmental protocol with China about purchasing by the Chinese Silk Road Fund of 9.9% of shares in «Yamal LNG». This information was given by the head of the Ministry for natural resources Sergey Donskoy, as it is informed on the portal vestifinance.ru.
The contract of buy and sell of shares was signed a month ago; closing of the transaction is being expected during the coming weeks. After closing of the transaction the structure of shareholders of «Yamal LNG» will change the following way: NOVATEK (50.1%), Total (20%), CNPC (20%) and the Silk Road Fund (9.9%).
The project «Yamal LNG» foresees building of the plant on liquefying of gas on base of the South-Tambey field in Yamal. Each of three lines of the plant will be able to manufacture 5 million and 500 thousand tons of liquefied natural gas per year. Proved and probable reserves of gas in the field on the state on the 31st of December of 2013 on standards PRMS make 927 milliard cubic meters.
In November of 2015 «Yamal LNG» placed bonds of the second issue on 75 milliard rubles with a maturity 15 years, which were bought by the Ministry for finances in exchange for the second tranche from the Russian National Wealth Fund.