Russia’s Novatek to launch first Yamal LNG train in 2017

MOSCOW, March 10 (Reuters) -- Russia's Novatek plans to launch its first train with 5.5 million tons of annual LNG capacity in Yamal in 2017, and this will require no additional financing, Stanislav Shevkunov, a department head at Novatek, told reporters on Thursday.

Yamal LNG is trying to raise above $10 billion in external financing, mainly from China, for the project, Russia's only second LNG plant.

All in all, Yamal LNG should consist of three trains -- with a total annual capacity of 16.5 million tons.

(Reporting by Olesya Astakhova; writing by Katya Golubkova; editing by Dmitry Solovyov)

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