Yamal LNG receives loans worth up to €425 million
Published by David Rowlands,
Editor
LNG Industry,
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/liquid-natural-gas/13062017/yamal-lng-receives-loans-worth-up-to-425-million/
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