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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

Yamal LNG Commissioned
Yamal LNG Signs Final Loan agreements