Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2016-04-26 19:30:00

NOVATEK NEEDS $12 BLN

NOVATEK NEEDS $12 BLN

Russia's largest independent gas producer Novatek plans to raise further $12bn in external financing for the Yamal LNG project, said Novatek CEO Leonid Mikhelson, according to a report in Russian daily newspaper Kommersant on April 25.

A sum of around $18bn-$19bn is needed, including funds already raised, Mikhelson was cited by Kommersant as saying. He said that the necessary financing will be raised in the near future, without giving any timeframe.

Yamal LNG has already attracted loans worth $4bn (€3.6bn) from Sberbank and Gazprombank and $2.24bn from the National Wealth Fund (NWF), Kommersant reported. It is assumed that Chinese banks will allocate around $12bn for Yamal LNG, the report added.

Novatek shareholders approved agreements to borrow from Sberbank and Gazprombank at their annual general meeting on April 22. The project provides for the construction of an LNG plant with a capacity of 16.5m metric tons per year, using gas from the Yuzhno-Tambeiskoye field.

The controlling shareholder of Yamal LNG is Novatek (50.1%), while other shareholders are French energy group Total (20%), and China's CNPC and Silk Road Fund (9.9%). As a Russian energy company, the operator cannot receive long-term dollar-denominated loans as the US has imposed sanctions on the country.

Novatek, Russia's second-largest gas producer after Gazprom and the country's seventh-largest crude producer, has increased natural gas output by 9.3% to 67.91bn m3 in 2015, beyond its earlier forecast of a 6% rise.

naturalgaseurope.com

-----

More: 

YAMAL LNG CREDIT LINE: EUR 3.6 BLN 

RUSSIAN LNG AMBITIONS 

NOVATEK & SRF AGREEMENTS 

RUSSIA WANTS 13% 

YAMAL LNG DESISION 

NOVATEK PROFIT 60.6 BLN RUR 

NOVATEK UP 53%

 



 

Tags: RUSSIA, NOVATEK, GAS, YAMAL, LNG

Chronicle:

NOVATEK NEEDS $12 BLN
2017, December, 18, 12:20:00

AUSTRALIA STOPS COAL

PLATTS - National Australia Bank announced Thursday it will no longer provide financing for new thermal coal projects.

NOVATEK NEEDS $12 BLN
2017, December, 18, 12:15:00

EXXON - PETROBRAS ALLIANCE

Petrobras and ExxonMobil signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.

NOVATEK NEEDS $12 BLN
2017, December, 18, 12:10:00

EXXON BOUGHT MOZAMBIQUE

ExxonMobil Development Africa B.V. has acquired a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility for midstream operations.

NOVATEK NEEDS $12 BLN
2017, December, 18, 12:05:00

U.S. RIGS DOWN 1 TO 930

U.S. Rig Count is down 1 rig from last week to 930, with oil rigs down 4 to 747, gas rigs up 3 to 183, and miscellaneous rigs unchanged. Canada Rig Count is up 19 rigs from last week to 238, with oil rigs up 22 to 134 and gas rigs down 3 to 104.

All Publications »