Interfax, citing data from the Unified State Register of Legal Entities, reported on May 26 that Arctic LNG-2, a $ 21 billion project involving the construction of an LNG plant with a capacity of 19.8 million tons on the Gydan Peninsula in the Yamalo-Nenets Autonomous Okrug, is laid out in Sberbank. The Utrenneye field (reserves – 1.43 trillion cubic meters of gas) will become a resource base for it. The largest participant in Arctic LNG – 2, with a 60% share, is Novatek. Another 10% belongs to its foreign partners: French Total, Chinese CNPC and CNOOC, as well as a consortium of Japanese Mitsui and JOGMEC.
Of these, it is planned to attract about $ 11 billion as debt financing, said in February 2021, Novatek’s deputy chairman of the board, Mark Jetway. And in April, materials for a meeting of the company’s shareholders said that its stake in Arctic LNG-2 could be pledged against loans. At the same time, in April, VEB together with Sberbank, Gazprombank, Bank GPB International SA (a subsidiary of Gazprombank) and Otkritie Bank signed an agreement with Arctic LNG-2 to provide a loan in the amount of EUR 3.11 billion for a period of 15 years (loan terms were not disclosed). Sberbank became the largest lender in the pool – its share amounted to 2 billion euros (or almost two-thirds of the syndicated loan), the credit organization specified then. Sberbank declined to comment, and Novatek did not respond to a request.