Russia's Novatek Says Yamal LNG Debt Financing Seen at $18-19B

Reuters

MOSCOW, April 22 (Reuters) - Total debt financing of Novatek-led Yamal LNG project, which is expected to start producing liquefied natural gas next year, is estimated at $18-19 billion, Novatek's chief executive said on Friday.

That includes the loans already secured, Leonid Mikhelson told reporters, adding he had no doubt that the project would get further external financing in the nearest time.

Mikhelson also said he expected Novatek's gas output to be flat in 2016 compared to 2015.

(Reporting by Vladimir Soldatkin; writing by Maria Kiselyova; editing by Dmitry Solovyov)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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