Russia's Novatek Expects China to Largely Finance Yamal Gas Project
Dec. 09 2014 — 13:34
The Yamal LNG facility.
The chief executive of Russian gas producer Novatek said Tuesday that he expected China to provide at least $10 billion for the Yamal LNG project in the first half of 2015.
When asked how much China could provide, Novatek CEO Leonid Mikhelson said: "In the first half … more than 10 [billion dollars]."
He added that most of the financing for the Yamal project would ultimately come from Chinese banks.
