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Gazprom secures loan from Bank of China

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LNG Industry,

Gazprom has announced that it has entered into a five year, €2 billion loan facility agreement with Bank of China Ltd, London Branch.

The deal was signed by Gazprom’s Deputy Management Committee Chairman, Andrey Kruglov, and the Deputy General Manager of Bank of China Ltd, London Branch, Wang Huabin.

Gazprom described the loan agreement as the largest deal in terms of the amount of financing attracted directly from one financial institution and the first bilateral loan facility agreement with a Chinese bank.

According to a statement from Gazprom, Mr Kruglov and Bank of China Executive Vice President, Gao Yingxin, also discussed the prospects for deeper cooperation between Gazprom and Bank of China.

Edited from press release by

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