June 10, 2016 / 7:47 AM / 3 years ago

BRIEF-Russia's Yamal LNG receives first 1 bln Euro tranche from Russian banks

June 10 (Reuters) - Russia’s Novatek-led Yamal liquefied natural gas (LNG) project said on Friday:

* It has received its first 1 billion Euro ($1.13 billion) financing tranche from Russia’s Sberbank and Gazprombank ;

* Under the agreement signed in April, two banks are to lend Yamal LNG loans worth 3.6 billion Euros in total . Further company coverage: ($1 = 0.8838 euros) (Reporting by Moscow Newsroom)

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