Debt service guarantees on Yamal LNG removed from NOVATEK
Published by Lydia Woellwarth,
Editor
LNG Industry,
PAO NOVATEK has announced that after fulfilling all the conditions stipulated by the Project’s external bank financing, the debt service guarantees of Yamal LNG were formally removed from NOVATEK.
“We have reached another significant milestone on Yamal LNG with the removal of the guarantees relating to the project’s financing.” noted Leonid Mikhelson, NOVATEK’s Chairman of the Management Board. “The removal of the guarantees will allow NOVATEK to attract external financing for its new projects on more favourable terms, and equally important, removes the restrictions on our dividend payout ratio.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/25092020/debt-service-guarantees-on-yamal-lng-removed-from-novatek/
You might also like
New Fortress Energy signs long-term gas supply agreement with Puerto Rican government
New Fortress Energy Inc. has reached agreement on contract terms with the Third-Party Procurement Office and the Puerto Rico Public-Private Partnerships Authority for the long-term supply of LNG to Puerto Rico.