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By Nick Flitterman

Yamal LNG Commissioned

Yamal LNG Commissioned

The sponsors of the Yamal LNG project in Russia announced the commissioning of the first LNG train ahead of time. The first LNG cargo has been loaded and is in transit to Europe.

Portland advised China Development Bank (CDB), China Eximbank (CEXIM), SACE, BPI (COFACE), JBIC, EXIAR, Euler Hermes and EKN on the US$19 billion limited-recourse debt financing which closed in 2016.

To discuss this further, contact Geoff Knox on +44 20 7183 8387 or geoff.knox@portlandadvisers.com

or Harry Philp on +44 20 7183 8392 or harry.philp@portlandadvisers.com

By Nick Flitterman

Yamal LNG Signs Final Loan agreements

Yamal LNG Signs Final Loan agreements

Today,  Yamal LNG signed 15 year loan agreements with the Euler Hermes and EKN for amounts of  €200 million and €225 million respectively.

Portland advised Euler Hermes and EKN in relation to this financing. The financing is the final piece of the overall $19 billion financing for the Yamal LNG project which also comprises facilities from Chinese and Russian lenders and loans supported by SACE, COFACE and JBIC.

Portland also advised China Development Bank, China Eximbank, EXIAR (the Russian export credit agency), SACE, COFACE and JBIC in relation to this ground-breaking financing.

For further information, contact Geoff Knox on geoff.knox@portlandadvisers.com

By Nick Flitterman

Yamal LNG signs €200 million JBIC deal

On 15 December 2016 Yamal LNG signed a 15 year loan agreement with the Japanese Bank for International Cooperation (JBIC). Portland advised JBIC in relation to this financing. The financing is the final piece of the overall $19 billion financing for the Yamal LNG project which also comprises facilities from Chinese and Russian lenders and loans supported by SACE and COFACE. Portland advised China Development Bank, China Eximbank, EXIAR (the Russian export credit agency), SACE, COFACE and JBIC in relation to this ground-breaking financing.

For further information contact Geoff Knox on +44 20 7183 8387 or geoff.knox@portlandadvisers.com

 

By Nick Flitterman

Yamal LNG signs €750 million SACE and COFACE deal

On 12 December 2016 Yamal LNG signed 15 year loan agreements supported by Servivi Assicuratavi del Commercio Esterio (SACE) and Compaignie Francaise d’Assurance pour le Commerce Exterieur (COFACE). Portland advised both SACE and COFACE in relation to these financings. These facilities are in addition to the $12 billion of financing provided by the Export-Import Bank of China and China Development Bank in April 2016, on which Portland also advised.

For further information contact Geoff Knox on +44 20 7183 8387 or geoff.knox@portlandadvisers.com

 

By Nick Flitterman

Portland advises on $12bn project financing for Yamal LNG

Yamal LNG signs $12 billion Chinese loan deal

On 29 April 2016 the Yamal liquefied natural gas (LNG) project signed 15 year loan agreements with Export-Import Bank of China and the China Development Bank equivalent to $12 billion.

Portland advised the Chinese banks in relation to this financing.

The project has already secured state loans of 150 billion roubles ($2.3 billion) from Russia’s National Wealth Fund and $4 billion equivalent from Russian lenders Sberbank and Gazprombank.

Yamal LNG is a 16.5 mtpa LNG project located in Western Siberia, owned by Novatek OAO, (50.1%), Total SA (20%), CNPC (20%) and China’s Silk Road Fund (9.9%).

 

For more information, contact Geoff Knox on +44 20 7183 8387 or geoff.knox@portlandadvisers.com

 

Yamal LNG Commissioned
Yamal LNG Signs Final Loan agreements
Portland advises on $12bn project financing for Yamal LNG