Novatek Says China's Silk Road Fund Provided 700M Euros to Yamal LNG

Reuters

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.
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
Senior Accountant
Expertise: Accounting
Location: Anderson, TX
 
United States Broussard: Field Prof-Reservoir Eval
Expertise: Reservoir Engineering
Location: Broussard, LA
 
United States Broussard: Service Supervisor III-Subsea Safety Systems
Expertise: Subsea Engineering
Location: Broussard, LA
 
search for more jobs

Brent Crude Oil : $51.87/BBL 0.40%
Light Crude Oil : $47.64/BBL 0.56%
Natural Gas : $2.94/MMBtu 0.67%
Updated in last 24 hours