Дорогие друзья! Больше трех лет я рассказываю вам об основных новостях, событиях, трендах на мировом рынке нефти и газа. Я делаю это бесплатно и без рекламы. Поэтому я прошу вас о помощи. Wognews нуждается в развитии. Вас больше 20 000 человек из более чем 80 стран мира. Если каждый пожертвует небольшую сумму денег, 500 или 1000 рублей, или больше, wognews станет лучше. Спасибо, Владимир Виноградов, основатель wognews.

Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2016-05-09 19:25:00

CHINESE $12 BLN FOR RUSSIA

CHINESE $12 BLN FOR RUSSIA

 

YAMAL LNG MAP

 

 

Two Chinese state banks have agreed to lend more than $12bn to develop a liquefied natural gas plant in the Russian Arctic, in a boost for one of President Vladimir Putin's flagship projects after US sanctions targeted its largest shareholder.

A financing deal for Yamal LNG, one of the largest in Russian corporate history, had been expected to be signed more than a year ago. But negotiations were complicated by US sanctions against Novatek, its majority shareholder. Novatek is part-owned by Gennady Timchenko, who is also under US sanctions as a member of Mr Putin's "inner circle".

On Friday, however, Export-Import Bank of China and China Development Bank signed two 15-year loans, for €9.34bn ($10.7bn) and Rmb9.76bn ($1.5bn) on Friday, according to regulatory statements from Yamal LNG.

For the Kremlin, the $27bn Yamal LNG project has become symbolic of Russia's ability to execute large deals in spite of western sanctions. With Friday's Chinese loan, the project — which is due to start producing LNG next year — has now covered its entire expected financing needs.

In addition, the deal represents a significant step in Mr Putin's push to boost commercial ties with China since sanctions were imposed on Russia by the US and Europe over the annexation of Crimea. This "pivot to Asia" has so far disappointed Russian executives and politicians, as Chinese companies showed no rush to invest.

"The project has progressed despite the imposition of sectoral sanctions on Novatek and a precipitous decline in prices," said Mark Gyetvay, Novatek chief financial officer, in a conference call following the company's quarterly earnings report on Thursday. He noted that the project is already more than 50 per cent completed.

But a combination of US sanctions and tumbling oil and gas prices has caused negotiations over the financing package for Yamal LNG to drag on many months longer than expected.

Sanctions made financing the project in US dollars impossible and led US banks and several European banks to pull out of the financing deal, according to people familiar with the situation. Even the Chinese banks changed the terms on which they were willing to lend to the project as energy prices fell, the people said.

Falling energy prices have put LNG projects under pressure around the world, with Australia's Woodside Petroleum last month shelving plans for the $40bn Browse project.

Yamal LNG's Chinese financing deal follows a €3.6bn loan from Russian state-controlled banks Sberbank and Gazprombank, and 150bn (€2bn) roubles in support from Russia's National Welfare Fund, a sovereign fund designed to support the country's public pension system.

Shareholders in the project have also invested a total of $12.8bn to date, according to Novatek.

Novatek earlier this year completed a deal to sell a 9.9 per cent stake in the project to China's Silk Road Fund. Other shareholders in Yamal LNG are CNPC and Total, with 20 per cent each.

Signing the Chinese loan deal is a big boost for Novatek, Russia's largest independent gas producer, which successfully lobbied for an exemption to Gazprom's gas export monopoly to build the Yamal LNG project.

"Yamal LNG is a cornerstone of our ambitious plans to become a global player in the LNG markets," Mr Gyetvay said.

Delays in competing a financing deal have weighed on investor sentiment towards the company, whose largest shareholders include Mr Timchenko and fellow oligarch Leonid Mikhelson, as well as Total, which owns an 18.9 per cent stake.

ft.com

-----

Earlier: 

NOVATEK PROFIT UP 273% 

NOVATEK NEEDS $12 BLN 

YAMAL LNG CREDIT LINE: EUR 3.6 BLN 

RUSSIAN LNG AMBITIONS 

RUSSIAN - CHINESE TRANSACTION 

NOVATEK & SRF AGREEMENTS 

RUSSIA WANTS 13% 

YAMAL LNG DESISION 

NOVATEK PROFIT 60.6 BLN RUR 

NOVATEK UP 53% 

CHINA & RUSSIA PROGRESSION 

RUSSIA & CHINA COOPERATION 

NOVATEK UP 27% 

NOVATEK & SHELL CONTRACT 

YAMAL: $27 BLN INVESTMENT 

NOVATEK CAN $3.9 BLN 

NOVATEK: + 52% 

CHINA: $1.6 BLN FOR SIBERIA 

NOVATEK & SIBUR: ON COMPLETION 

NOVATEK & CNPC: YAMAL LNG 

YAMAL LNG: 16 500 000 TPY 

YAMAL LNG AGREE 

YAMAL LNG ENACTED 

NOVATEK: FROM RUSSIA WITH LOVE 

NOVATEK ANNOUNCES RESULTS FOR 2013

 

 

Tags: CHINA, RUSSIA, LNG, GAS, YAMAL

Chronicle:

CHINESE $12 BLN FOR RUSSIA
September, 22, 09:20:00

OIL PRICE: NOT ABOVE $57

International benchmark Brent crude futures were at $56.51 a barrel at 0644 GMT, up 8 cents, or 0.14 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were up 12 cents, or 0.24 percent, at $50.67 per barrel.

CHINESE $12 BLN FOR RUSSIA
September, 22, 09:15:00

СОТРУДНИЧЕСТВО АЛЖИРА И РОССИИ

Руководители энергетических ведомств России и Алжира обсудили состояние и перспективы двустороннего сотрудничества, а также совместную деятельность в многосторонних форматах, в том числе взаимодействие в рамках Форума стран-экспортеров газа. Также речь шла о взаимодействии в рамках соглашения ОПЕК+ по сокращению объемов добычи нефти. Стороны подтвердили приверженность исполнению взятых обязательств по достижению скорейшей ребалансировки нефтяного рынка.

CHINESE $12 BLN FOR RUSSIA
September, 22, 09:10:00

ГАЗ РОССИИ ДЛЯ МАРОККО

Александр Новак отметил, что Россия занимает лидирующие позиции в мире в области топливно-энергетического комплекса, в частности, первое место по добыче нефти, второе место по добыче газа. «При этом Россия - номер один по экспорту газа. Мы добываем 670 млрд кубических метров газа, из них 220 млрд поставляем в другие страны различными способами – трубопроводным и сжиженным», - подчеркнул Министр.

CHINESE $12 BLN FOR RUSSIA
September, 22, 09:05:00

НОВЫЕ ТЕХНОЛОГИИ РОССИИ

Кирилл Молодцов также сообщил о применении новых технологий в сфере нефтегазодобычи. «Из общего количества технологий, а их насчитывается примерно 600, более 300 производятся в России. Более двухсот имеют российские наработки и аналоги, то есть практически имеют стадию разработки проекта. Есть технологии, которые нас сильно волнуют, и мы будем развивать их дальше. Это абсолютно автономные системы добычи, окончание морских месторождений, забуривание, возможности создания и развития проектов в Арктике», - заключил Кирилл Молодцов.

All Publications »
Exchange Rates
Date: 00:00 00:00
USD 0.00 0.00
EUR 0.00 0.00
GBP 0.00 0.00
UAH 0.00 0.00
ADR bid ask
GAZPROM 0.000.00
LUKOIL 0.00 0.00
ROSNEFT 0.00 0.00
SURGUTNEFTEGAZ 0.000.00
TATNEFT0.00 0.00