Russia's Novatek Says Shareholders To Decide On $600M Loan For Yamal LNG
MOSCOW, June 9 (Reuters) - Russia's largest non-state gas producer Novatek said on Thursday its shareholders would decide on a new loan worth $600 million for the Yamal LNG project on June 20, according to Interfax news agency.
The $27 billion Yamal LNG project envisages three liquefied natural gas (LNG) production lines with a capacity of 5.5 million tonnes a year each. The gas the project produces would be exported to world markets.
Novatek has a 50.1 percent stake in what will be only Russia's second LNG plant. France's Total and China's CNPC hold 20 percent each. And in March, Novatek agreed to sell a 9.9 percent stake to the China Silk Road Fund.
(Reporting by Vladimir Soldatkin; 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.