Novatek’s Yamal LNG loans 750 mln euros from Intesa

By LNG World News The Yamal LNG project (Image courtesy of Novatek)Novatek’s giant Yamal LNG project in the Russian Arctic has secured a 14.5-year credit line worth 750 million euros ($795.6 million) with the Intesa Sanpaolo bank.
The loan pays an annual interest rate of 6-month EURIBOR plus 2.5 percent, with insurance covered by the Italian export credit agency SACE and the French agency COFACE, Novatek said in a statement on Monday.
Earlier, as part of the project financing package, the $27 billion Yamal LNG project received financing from the National Welfare Fund of Russia, signed agreements on credit lines with Sberbank and Gazprombank, as well

Read Full Article Here

For more great articles: LNG World News

(Visited 15 times, 1 visits today)



Tagged: , ,