financing "Yamal LNG"
Moscow. September 10. OilCapital.ru.
The amount of funding is not specified.
Novatek and China’s CNPC signed an agreement on September 5 for the sale of 20% stake in the project "Yamal LNG". The transaction is expected to close before December 1, 2013 China has committed itself to assist in attracting external funding for the project from Chinese financial institutions. The agreement also provided for the conclusion of NOVATEK’s long-term contract for the supply of LNG to China in the amount of not less than 3 million tons of LNG per year. It is reported
Novatek’s partner "Yamal LNG" is also a French Total, which owns 20% of the project. Chapter and co-owner of Novatek Leonid Michelson said that the company, in addition to the agreement c CNPC, discussing the possibility of selling another 9% in the project "Yamal LNG" and is in talks with companies in Asia-Pacific region.
"Yamal LNG" is implementing a project for the construction of a liquefied natural gas capacity of 16.5 million tons per year in the resource base of the South Tambey field. The project also provides for the establishment of a seaport in the town of Sabetta, construction ice-class tanker fleet. The first tanker from the port is supposed to send to 2016