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/liquid-natural-gas/22022017/novatek-has-sufficient-funds-for-yamal-lng-project/

ST LNG seeks LNG export permit

Thursday 18 December 2025 15:00

The Office of Fossil Energy and Carbon Management has received an application by ST LNG, LLC to export domestically produced LNG to free trade agreement and non-free trade agreement countries.

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