Rosneft announces it repaid part of a loan obtained to finance the acquisition of TNK-BP. On December, 22 The Company paid to lenders around USD 7 bln.
In such a manner, the overall amount paid throughout the year totaled USD 24 bln, in full accordance with the credit agreement.
Rosneft Head Igor Sechin said that: "To service its debt the Company does not need to enter the currency market, because it generates enough foreign currency earnings. Surplus balances are used on the market, in such a manner, the Company positively affects the Russian currency market. The funds, inquired from the NWF, if received, will be used for the realization of projects, aimed at the strategic development of Russian regions".
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FT - of the six LNG tankers that have made deliveries into the UK so far in 2018 three have carried cargoes originally from Russia, leading to questions about whether Moscow was gaining a foothold in the UK gas market after starting up the Yamal LNG facility in Siberia late last year.
REUTERS - So far this year, two Yamal cargoes unloaded at British terminals for domestic consumption, accounting for about a third of Britain’s 2018 LNG imports after typical supplier Qatar pre-sold the bulk of its winter output to Asia last year.
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