Novatek hopes to get the 2nd tranche for Yamal LNG from Russian banks in a month

Novatek expects to get the 2nd tranche from Gazprombank and Sberbank for the Yamal LNG project for a month. This was reported by the company’s head L. Michelson on June 16, 2016.

According to L. Michelson, Novatek will soon receive another tranche under the loan agreement with Sberbank and Gazprombank.

Previously, on June 10, 2016, Yamal LNG received the 1st tranche in the amount of 1 billion euro.

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