Sberbank, Gazprombank, Vnesheconombank (VEB), the China Development Bank and Eximbank have signed off on the base conditions for the project financing of the $27bn Yamal LNG project in the Russian Arctic, Sberbank Deputy CEO Maxim Poletayev told journalists on the sidelines of the St. Petersburg International Economic Forum. “I don’t want to talk exact numbers right now because they will be adjusted when the credit agreements are reviewed,” he said. The project is to be developed by Total and Novatek.
Source: rbth