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You're reading: Mikhelson: German, Swedish export credit agencies to participate in Yamal LNG, to join in Q2
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MOSCOW – The German and Swedish export credit agencies have decided to take part in the Yamal LNG project, Novatek CEO Leonid Mikhelson said during the annual general meeting of shareholders.

The decision was made “yesterday, the day before yesterday,” he said.

“Literally yesterday, the day before yesterday, the German and Swedish export credit agencies reached the relevant positive decision and they will also take part in the financing of the Yamal LNG project. Though, in principle, foreign funding for project has been fully secured, I think that the participation of Germany and Sweden is also very important politically,” he said.

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