Novosibirsk. SACE (Cassa depositi e prestiti group) has granted a €400 million credit line to finance construction of the Yamal LNG liquefaction of natural gas in Russia. The funding, provided by Intesa Sanpaolo, will favour certain subcontracting agreements assigned to Nuovo Pignone (subsidiary of GE Oil & Gas) and a group of 20 Italian companies specialisqing in technologies for oil & gas, mainly SMEs. The project, worth a total of $ 27 billion, involves the construction of an integrated plant for the liquefaction of natural gas from the gas field of South Tambey, in the Siberian region of Yamal, and is dedicated to European and Asian markets. Once built, Yamal LNG will be one of the largest facilities in the Arctic area of the facility, incorporating the port of Sabetta, a new airport and a 380 megawatt power plant. (9Colonne)
