Sberbank says may finance Arctic LNG-2 for over 2.7 bln euros - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Sberbank says may finance Arctic LNG-2 for over 2.7 bln euros

Танкер СПГ Сахалин 2MOSCOW, Sep 10 (PRIME) -- Russia's biggest lender Sberbank can give  loan of more than 2.7 billion euros to the liquefied natural gas (LNG) project Arctic LNG-2, Deputy CEO Anatoly Popov said on Thursday.

"We think that Arctic LNG-2 is a promising project and are interested in becoming partners in its financing, as well as in the other new LNG projects of Novatek,” Popov said.

“We plan to make a loan decision until the end of the year. In accordance with our preliminary estimates, Sberbank’s financing can exceed the figure for Yamal LNG, which was 2.7 billion euros."

He said that LNG projects raise technological capacities of the oil and gas sector of the country and allow it to open new markets for Russian raw materials thanks to long-distance sea transportation.

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10.09.2020 09:54