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 2016 Thomson Reuters. Click for Restrictions.

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