On 29 April 2016, Yamal LNG signed financing deals with the Export-Import Bank of China and the China Development Bank. This marks the closure of the project financing package, which is sufficient to complete the construction of the project without the need for significant additional shareholder funding. This is a landmark event for Yamal LNG (NOVATEK 50.1%, Total 20.0%, CNPC 20.0% and Silk Road Fund 9.9%), as attracting external financing had been a key obstacle for the project following US sanctions.
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Yamal LNG completes project financing package
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