Russia's Novatek aims for $5 bln from export agencies for Yamal LNG

April 13, 2015 11:00 AM

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SABETTA, Russia, April 13 (Reuters) - Russian gas producer Novatek hopes to secure $5 billion from global export credit agencies for its Arctic liquefied natural gas (LNG) project Yamal LNG by mid-year, chief executive Leonid Mikhelson said.

Speaking in a northern port where the facilities for Yamal LNG are being built, Mikhelson and the head of French partner Total were upbeat about financing, which has been complicated by Western sanctions imposed on Russia over Ukraine.

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