Russia's Timchenko Confident Yamal LNG will be Finished

Reuters

MOSCOW, June 2 (Reuters) - Gennady Timchenko, co-owner of Russia's second biggest gas producer Novatek, said he was confident the Yamal LNG project would be finished.

Novatek is under Western sanctions because of Moscow's role in the Ukraine crisis, which restrict Russian companies' access to global capital markets.

Yamal shareholders, which also include France's Total and China CNPC, are looking to raise $10-$15 billion from Chinese banks for the project.

Timchenko told reporters that talks with Chinese banks were continuing. "Don't worry, we will build this Yamal," he said.

(Reporting by Denis Dyomkin; writing by Katya Golubkova, editing by Jason Bush)

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Mechanical Assembler
Expertise: Maintenance Technician
Location: Odessa
 
Pipeline Technician - Arrow
Expertise: Heavy Machinery Operator|Pipeline Services|Piping Technician
Location: Keene, ND
 
United States Odessa: Electrical/Mechanical Technician II
Expertise: Electrical Technician|Mechanical Technician
Location: Odessa, TX
 
search for more jobs

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours