"Novatek" wants to get guarantees from VEB on a $ 3 billion loan for "Yamal LNG".

Earlier the company was expecting for a bank loan of $ 1 billion, but it is now asking to change the scheme of its participation

In late April Chairman of the Board of "Novatek" Leonid Michelson wrote a letter to the RF President Vladimir Putin ("the Vedomosti" has a copy). There Michelson stated that the shareholders of "Yamal LNG" (60% owned by "Novatek", and 20% - Total and CNPC) had finished negotiations with international export credit agencies, Chinese and Russian banks for the project financing of more than $ 20 billion, of which Vnesheconombank is going to provide $ 1 billion. In March Vnesheconombank Chairman, Vladimir Dmitriev mentioned the fact that Vnesheconombank was ready to allocate $ 1 billion.

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