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Yamal LNG agrees terms for €3.6 billion loan

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LNG Industry,

According to Reuters, the Yamal LNG project has agreed terms of a loan worth €3.6 billion from Gazprombank and Sberbank. The loan will reportedly last for up to 16 years and have an interest rate set at six-month Euribor plus a margin of up to 4.8%.

It was reported in early March 2016 that the Novatek-operated project would aim to launch its first LNG train in 2017. The train will have a total capacity of 5.5 million tpy of LNG. Once complete, the project will have three trains, with an overall capacity of 16.5 million tpy of LNG.

Edited from various sources by David Rowlands

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