VLADIVOSTOK, Russia, Sept 3 (Reuters) - Japanese and Chinese
banks may provide more funding for Russia's Arctic LNG 2 project
amid a lack of support from European governments, Leonid
Mikhelson, head of the project's major shareholder Novatek
, said on Friday.
Shareholders in Russia's Novatek this year approved external
financing of $11 billion for the Arctic LNG 2 project, which is
expected to start production of liquefied natural gas (LNG) in
2023. A document seen by Reuters last year said that could
include about $1 billion from France and Germany.
A group of mostly Green Party lawmakers from the European
Parliament in May urged the leaders of Germany, France and Italy
not to support the project due to climate change concerns.
"We have (European) partners in place, while we don't see
support from the governments of these partners," he said. "We
have credit lines open for the third of the total financing from
the Russian banks. We can raise it from a third to 60%."
Chinese and Japanese banks may provide the rest of the
financing, Mikhelson added.
Mikhelson also said Russia-made equipment designed for the
fourth line of the existing Yamal LNG plant was not working
properly due to technological failures.
Novatek announced the launch of the line earlier in June,
saying it still needed some fine-tuning.
The company has also decided to reconfigure its Obsky LNG
project to produce ammonia, hydrogen and methanol.
Mikhelson said Novatek may invite Japanese and European
companies into the project.
(Reporting by Vladimir Soldatkin
Editing by Mark Potter)