Total is seeking the funding for the "Yamal LNG" project.

The Total Group and its partners on the "Yamal LNG" project will complete the search for means to finance it by March 2015, CFO Total Patrick de la Shevarder stated, The Wall Street Journal reports.

According to the top manager of the French group, the negotiations with the Russian and Chinese lenders, as well as with European export credit agencies are underway.

De la Shevarder stated that the sanctions imposed on Russia led to the delays in the financing of the "Yamal LNG" project. He added that, despite this, the work on its implementation continues.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
12 Northfields Prospect; London, - SW18 1PE; United Kingdom
E 51° 27.454518" S 0° 14.101236"

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer