Japan's JBIC To Provide Loan To Novatek-Led Yamal LNG Project

Reuters

TOKYO, Nov 24 (Reuters) - State-run Japan Bank for International Cooperation (JBIC) is set to provide a 200 million euro ($211 million) loan to the Yamal liquefied natural gas (LNG) project in Russia led by Novatek, JBIC's Chief Executive Officer Tadashi Maeda said on Thursday, with a contract to be signed in December.

The bank is also planning to set up an investment fund with the Russian Direct Investment Fund, with each contributing half of a total of about 100 billion yen ($886 million), Maeda said, speaking to a group of reporters on the sidelines of an energy conference in Tokyo.

(Reporting by Yuka Obayashi; Editing by Kenneth Maxwell)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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