Novatek may agree with Chinese partners on $12 billion for Yamal LNG

An agreement with the Chinese partners on the financing the Yamal LNG project in the amount of $12 billion could be signed in July, said chief financial officer Novatek, Mark Jetway.

"We expect that the agreement with our Chinese partners will be signed in July," - he said on the margins of the international conference IHS Ceraweek 2015. Jetway clarified that the amount of the project funding by the Chinese side might amount to more than $12 billion.

We are talking about financial support from Chinese banks, Jetway apecified. "China Exim, China Development and other major Chinese banks are involved," - he said. "We will begin receiving money from the banks in accordance with the payment schedule, which will be made out during the signing of the contracts," - said the Jetway.

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