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VEB Could Lend Novatek's Yamal LNG $1 Bln

Posted by March 2, 2015

Russian state development bank VEB could lend Novatek (NVTK.ME)-led Yamal LNG project around $1 billion, Russian news agencies quoted VEB Chairman Vladimir Dmitriev as saying.
 
He also said that VEB would co-finance Yamal-LNG with estimated total costs of $27 billion along with top Russian lender Sberbank and Gazprombank, Russia's third by assets.
 
"We are now talking of roughly $1 billion. This is VEB's share," Dmitriev said.
 
 
(Reporting by Katya Golubkova; editing by Susan Thomas)

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