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 2017 Thomson Reuters. Click for Restrictions.
WHAT DO YOU THINK?
Click on the button below to add 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.
Most Popular Articles
From the Career Center
Jobs that may interest you