Russia's Novatek to Launch 1st Yamal LNG Train with No Additional Financing

Reuters

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)

 

Copyright 2016 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
Radiation Safety Officer
Expertise: Pipe Inspection / NDT|Safety Officer
Location: Tulsa, OK
 
SCADA TECH
Expertise: Instrumentation Technician|Maintenance Technician|Production Operator
Location: Port Fourchon
 
United States Williston: Operator Assistant II to Service Operator II- Frac
Expertise: Field Service Tech|Fracturing|Production Operator
Location: Williston, ND
 
search for more jobs

Brent Crude Oil : $44.72/BBL 2.12%
Light Crude Oil : $43.13/BBL 2.39%
Natural Gas : $2.74/MMBtu 1.08%
Updated in last 24 hours