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Russia's Novatek in Talks With VEB for $1 Billion Loan, Report Says

Russian development bank Vneshekonombank is in talks with the Novatek gas producer about a loan of $1 billion for the Yamal LNG project, the TASS news agency cited VEB's head as saying Thursday.

The $27 billion Yamal LNG project is scheduled to start output in 2017.

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