Finance

Russian LNG giant doubles top and bottom lines

Boost in cargoes to Europe meant Yamal LNG stepped up repaying shareholders’ loans, but it dodged debt to banks and the Russian state

Payback time: the Vladimir Rusanov liquefied natural gas carrier with a cargo from Yamal LNG project at a terminal in Nantong city in eastern China.
Payback time: the Vladimir Rusanov liquefied natural gas carrier with a cargo from Yamal LNG project at a terminal in Nantong city in eastern China.Photo: AFP/SCANPIX
  • Vladimir Afanasiev
Yamal LNGNovatekTotalEnergiesRussiaEurope
Published 17 May 2023, 16:24Updated 17 May 2023, 16:25