Novatek sells almost all of the gas from Yamal.

Shell and Gunvor can redeem the remaining LNG.

Swiss trader of Novatek Novatek Gas & Power on the eve of the decisive round of talks with banks to raise funding for the "Yamal LNG" project reached an agreement with Shell and the French Engie on long-term contracts for the supply of LNG. Both contracts include mainly oil binding and delivery on FOB in Western Europe. According to analysts, such agreements are necessary for Novatek for the speedy attraction of loans.

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