Yamal LNG

Yamal LNG - DFI/MFI Direct Loan/ ECA direct Loan

Borrower (s)
Yamal LNG
Industry
Oil & gas/LNG
Area of finance
Project & Infrastructure Finance
Country
Russian Federation

Deal Overview

The recent signing of the final ECA-backed tranche for the $27 billion Yamal LNG project is the highest profile demonstration to date of how Russian borrowers are adapting to EU/US sanctions.  Sponsored by Novatek (50.1%), CNPC (20%), Total (20%) and Silk Road Fund (9.9%), the project...

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The recent signing of the final ECA-backed tranche for the $27 billion Yamal LNG project is the highest profile demonstration to date of how Russian borrowers are adapting to EU/US sanctions. 

Sponsored by Novatek (50.1%), CNPC (20%), Total (20%) and Silk Road Fund (9.9%), the project involves construction of a 16.5 mtpa three-train LNG plant with feedstock from the South-Tambeyskoye field in the Yamal peninsula.

The scheme also includes the creation of 200 wells, construction of a gas pipeline system, shipment infrastructure (which will include a jetty with two tanker loading berths at the port of Sabetta), a new fleet of LNG carriers, an airport and a 1000MW power plant.

 

 

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Deal Volume
$ 19.57bn
Financial Close
18 December 2016
Sources

All Dealmakers

Marc Partridge

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Fazil Gadzhiev

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Projects

Yamal LNG Plant

Greenfield
Oil & gas
Russian Federation
$ 27bn