Gazprom enters into $2.2B loan with Chinese bank

Russian energy company Gazprom and Bank of China, London Branch, entered on Thursday in Shanghai into a five-year EURo 2 billion ($2.2B) loan facility agreement.

The agreement was signed by Gazprom’s Deputy Management Committee Chairman Andrey Kruglov, and by the Deputy General Manager Wang Huabin, on the part of Bank of China, London Branch.

In terms of the amount of financing attracted directly from one financial institution, and the first bilateral loan facility agreement with a Chinese bank, this is the largest deal so far for Gazprom.

According to the company, Andrey Kruglov and Gao Yingxin, Bank of China Executive Vice President, discussed the prospects for deeper cooperation between Gazprom and Bank of China.

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