BEIJING, Dec 17 (Reuters) – China's Silk Road Fund has provided 700 million euros ($761 million) to Yamal LNG, Leonid Mikhelson, the head of Russia's Novatek, said on Thursday.
Novatek controls Yamal LNG, which is due to start producing liquefied natural gas in 2017. The $27 billion project has been struggling to raise funds due to international sanctions against Russia over Ukrainian crisis.
($1 = 0.9198 euros)
(Reporting by Olesya Astakhova; writing by Vladimir Soldatkin; editing by Polina Devitt)
Copyright 2017 Thomson Reuters. Click for Restrictions.
WHAT DO YOU THINK?
Click on the button below to add 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.
Most Popular Articles
From the Career Center
Jobs that may interest you