Russia's Novatek Sees Yamal LNG Financing in 2-3 Months
MOSCOW, March 9 (Reuters) - Russian gas producer Novatek expects its Yamal LNG project to secure external financing in the next 2-3 months, Interfax news agency quoted Leonid Mikhelson, Novatek chief executive, as saying on Wednesday.
Western sanctions imposed over Moscow's role in the Ukraine crisis have made it harder for Novatek to raise funds for the Yamal project, which is due to start producing liquefied natural gas (LNG) in 2017.
(Reporting by Polina Devitt; Editing by Alexander Winning)
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.
- RIA: Russia's Novatek To Launch Second Yamal LNG Line In September (Jan 31)
- Russia's Novatek Sells First Gas Condensate Cargo From Yamal LNG (Jan 29)
- Report: US May Get First LNG Import From Russia Despite Sanctions (Jan 09)