Novatek has sufficient funds for Yamal LNG project

Published by David Rowlands, Editor
LNG Industry, Wednesday, 22 February 2017 15:00

According to Reuters, Novatek has stated that it does not need to increase borrowing to fund the Yamal LNG project.

Reportedly, the private Russian gas producer has sufficient funds for investments into the project, having already invested US$22 billion in it after securing borrowing on both global and domestic markets.

Leonid Mikhelson, Novatek Chief Executive, reportedly said that the liquefaction project is set to receive a further US$6 billion in investment in 2017.

Mark Gyetvay, Novatek Chief Financial Officer, reportedly added that the total capital investment of Novatek is seen at US$689.42 million in 2017.

Read the article online at: https://www.lngindustry.com/liquefaction/22022017/novatek-has-sufficient-funds-for-yamal-lng-project/

Kelsian signs contract for workforce transportation services for CP2 LNG project

Friday 20 June 2025 15:00

Kelsian Group Ltd has announced that Hotard Coaches, Inc. has signed a binding contract with Worley Field Services, Inc. to provide workforce transportation services for the construction and development phase of the CP2 LNG project owned by Venture Global LNG.

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