Base conditions of project financing for Yamal LNG singed - Sberbank

"We signed the base conditions of financing for Yamal LNG together with VEB, Gazprombank, China Development Bank and China Eximbank", said Poletayev.

Sberbank, Gazprombank, Vnesheconombank (VEB), China Development Bank and China Eximbank have signed the base conditions of project financing for the Yamal LNG project, which is being implemented by Novatek, France's Total and China's CNPC, Sberbank Deputy CEO Maxim Poletayev said in an interview with Interfax on the sidelines of the St. Petersburg International Economic Forum.

"We signed the base conditions of financing for Yamal LNG together with VEB, Gazprombank, China Development Bank and China Eximbank. I would not like to name concrete numbers now because they will be adjusted depending on how the concrete credit agreements are reviewed. The sum may be named when we finish structuring the deal and agree with all syndicate participants," he said.

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