Open Access«YAMAL LNG» PROJECT IN THE СONTEXT ОF THE NORTHERN SEA ROUTE DEVELOPMENT
Author(s) -
E. A. Popova,
Yu. S. Sizova,
A. A. Filatova
Publication year - 2020
Publication title -
meždunarodnaâ torgovlâ i torgovaâ politika
Language(s) - English
Resource type - Journals
eISSN - 2414-4649
pISSN - 2410-7395
DOI - 10.21686/2410-7395-2020-2-103-116
Subject(s) - solvency , liquefied natural gas , cash flow , loan , business , investment (military) , finance , port (circuit theory) , market liquidity , work (physics) , natural gas , engineering , waste management , mechanical engineering , electrical engineering , politics , law , political science
The research paper focuses on identifying the conditions in which Yamal LNG can effectively finance construction work through private investment. The Case study of the Yamal LNG liquefied natural gas production complex, the ratio of the shares of public and private investment in the project for the construction of the Utrenniy terminal is considered. The authors analyze possible ways of financing construction works: using Yamal LNG's own funds, Bank lending, and a loan from NOVATEK PJSC, as the main shareholder of the project. Calculations are made and the expediency of issuing and receiving a loan from PJSC «NOVATEK» for the construction of the terminal «Untrenniy» in the port of Sabetta is proved. Regression analysis confirms the possibility of repayment of the loan from the main Yamal LNG activities is proved. As a result of the study, methods of analysis of solvency, liquidity, autonomy, cash flow analysis, forecasting and generalization methods are used. This analysis allows to take into account the scale of activity of one of the largest operators for the supply of liquefied natural gas in Russia.