Total find funding for the project "Yamal LNG by 2015

Total find funding for the project Total and its partners on the project "Yamal LNG will complete the search for funds to Finance by March 2015 this was stated by chief financial officer Total Patrick de La Chevardiere, according to The Wall Street Journal.According to the top Manager of the French concern, negotiations are underway with the Russian and Chinese creditors, as well as with the European export credit agencies.De La Chevardiere noted that imposed on Russia sanctions have led to delays in the financing of the project "Yamal LNG". He added that, despite this, its implementation continues.In the construction of the LNG plant on the Yamal Peninsula with a capacity of 16.5 million tons per year Total participates together with the Russian NOVATEK and other partners. Chapter Christophe de Margerie, who died in a plane crash on the night of 21 October, said in the summer of 2014 in an interview with RBC that alternative solutions for funding the project "can be found with the banks, not subject, directly or indirectly, the impact of U.S. sanctions." He then recalled that China is already involved in the financing of 50% of the project.Earlier it was reported that the company submitted an application to receive up to 150 billion rubles.



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