Novak: high probability of attracting funding for Yamal LNG

Novak: high probability of attracting funding for Yamal LNG


The issue of attracting financing for the Yamal LNG project was discussed during the visit of the Minister of energy of Russia Alexander Novak in Beijing. Decisions have already been made, were to sign a credit agreement.

MOSCOW, 31 Oct. The probability of attraction to the end of 2015, funding for the project construction of plant on production of liquefied natural gas on the Yamal Yamal LNG is high, including Chinese banks will provide $ 12 billion, corresponding decisions are already accepted, have to sign loan agreements, said the Minister of energy Alexander Novak.

“Year-end funds will receive the chance was very great,” said Novak Agency, answering the question whether the “Yamal LNG” to raise the necessary funds before the end of 2015.

Novak explained that the issue of attracting financing for the Yamal LNG project was discussed during his visit to Beijing last Friday.

“The decisions already taken by banks, it remains to conclude the contracts,” he said.