OREANDA-NEWS. June 17, 2008. Tokyo (Japan) saw the signing of a package of loan documentation worth a total of USD 5.3 bln. The deal was clinched as a result of the successful joint work of the Sakhalin II project shareholders led by Gazprom, Sakhalin Energy Investment Company Ltd. and a group of advising banks and creditors. Leading the project on the part of Gazprom was Andrey Kruglov, Deputy Chairman of the Company’s Management Committee, Head of the Finance and Economics Department.

The Japan Bank for International Cooperation acted as the Sakhalin II major creditor financing USD 3.7 bln.

The rest of the financing (USD 1.6 bln) was provided by a consortium of the largest Japanese and West European commercial banks.