Russia's Novatek to Launch 1st Yamal LNG Train with No Additional Financing
MOSCOW, March 10 (Reuters) – Russia's Novatek plans to launch its first train with 5.5 million tonnes of annual LNG capacity in Yamal in 2017, and this will require no additional financing, Stanislav Shevkunov, a department head at Novatek, told reporters on Thursday.
Yamal LNG is trying to raise above $10 billion in external financing, mainly from China, for the project, Russia's only second LNG plant. All in all, Yamal LNG should consist of three trains - with a total annual capacity of 16.5 million tonnes.
(Reporting by Olesya Astakhova; writing by Katya Golubkova; editing by Dmitry Solovyov)
WHAT DO YOU THINK?
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.
- Russia's Novatek Says Yamal LNG Seen Expanding By 1 Million Tonnes (Oct 17)
- Russia's Novatek Recommends 1H Dividend Of 6.95 rbls Per Share (Aug 25)
- Saipem Seen Getting Work In Novatek's Arctic LNG 2 Project (Jul 24)