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Gazprom guarantees Yamal Razvitie’s loan

January 23, 2014, 19:42 UTC+3 23
1 pages in this article

MOSCOW, January 23 (Itar-Tass) - Gazprom group of companies provided Sberbank with a $400 million on a loan to Yamal Razvitie, NOVATEK’s and Gazprom Neft’s joint venture, allotted for purchasing a stake in SeverEnergia, say Gazprom’s IFRS statements for January-September months of 2013.

According to the financial report, Yamal Razvitie pledged its 51 percent interest in SeverEnergia and a 60 percent share in the acquired company Arctic Russia B.V. as collateral.

Sberbank CIB earlier allotted a $2.94 billion loan to Yamal Razvitie for buying 60 percent in Arctic Russia B.V. holding 49 percent of SeverEnergia from the Italian Eni S.p.A. The company closed the deal which boosted Gazprom Neft’s effective interest in SeverEnergia to 40.2 percent, NOVATEK’s - to 59.8 percent.

SeverEnergia holds licences for the development of Samburgsloye, Yevo-Yakhinskoye, Yaro-Yakhinskoye and Severochaselskoye fields in the Urals’ Yamalo-Nenets Autonomous Territory. The company’s reserves amount to 1.35 trillion cubic metres of gas and 699 million tonnes of condensate.

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