Basis for Yamal LNG project financing agreed at St Petersburg

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