China to Lend $12B to Novatek-Led Yamal LNG

Reuters

MOSCOW, Sept 11 (Reuters) - Chinese banks are expected to lend $12 billion to the Novatek-led Yamal LNG project, Leonid Mikhelson, chief executive of Novatek, Russia's biggest non-state gas producer, was quoted as saying by Interfax news agency on Friday.

Mikhelson added that the funds were expected in a maximum of four months.

(Reporting by Katya Golubkova; Editing by Alexander Winning)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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