External financing of the project “Yamal LNG” will be completed in two-three months
9:37 9 марта 2016
Категории: News in English
External financing of the project “Yamal LNG” will be completed in two-three months, as the head of NOVATEK Leonid Mikhelson informs to the TV channel “Rossiya 24”. In his answer he notes that the shareholders financed it already on about 13 milliard dollars.
Two tranches in 2 milliard and 400 million dollars were received from the Russian National Wealth Fund. The total amount of financing makes more than 15 milliard dollars. Within the coming time the company expects signing of large credit contracts with banks. He counts that within the coming 2-3 months the issue of external financing will be closed in the full amount.
The amount of capital expenditures of the project “Yamal LNG” would make 27 milliard dollars, as Leonid Mikhelson confirmed in the end of February, as TASS informs. According to his words, NOVATEK plans to conclude considerable number of credit agreements for the projects with banks from Russia, China and Europe.
“Yamal LNG” is building the plant on production of liquefied natural gas with the capacity in 16 million and 500 thousand tons of liquefied natural gas per year on resource base of the South-Tambey field. The shareholders are: NOVATEK (60%, Russia), CNPC (20%, China) and “Total” (20%, France). The Chinese Silk Road Fund should enter the number of the shareholders with 9,9% at the expenses of the share of NOVATEK. It is planned to start manufacturing LNG in 2017. It will last during as minimum 35 years.