Skip to main content

Yamal LNG receives loans worth up to €425 million

Published by , Editor
LNG Industry,


According to Reuters, Yamal LNG has signed agreements with a number of European banks on 14-year credit line facilities for the total amount of up to €425 million.

These agreements were signed with several banks, including Intesa Sanpaolo and Raiffeisen Bank International AG. Reuters reports that the annual interest rates range from six-month EURIBOR plus 1.75% to six-month EURIBOR plus 2.3%. Insurance coverage is reportedly provided by Euler Hermes – the German export credit agency – and EKN – the Swedish export credit agency.

According to Reuters, the new creditors have joined the terms of the project financing attracted earlier without increasing the overall amount.

Yamal LNG is a joint venture (JV) between Novatek, Total, CNPC and Silk Road Fund, and is involved in the construction of a 16.5 million tpy LNG plant.

Read the article online at: https://www.lngindustry.com/liquefaction/13062017/yamal-lng-receives-loans-worth-up-to-425-million/

You might also like

Woodfibre provides construction update

Construction continues to advance at the Woodfibre LNG site, including work on foundations for the LNG processing equipment and modules that are expected to begin arriving at site in 2025.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

LNG project news LNG export news


 

LNG Industry is not responsible for the content of external internet sites.