Bank of China to provide Gazprom with EUR 2 billion loan

Gazprom and Bank of China Limited, London Branch entered today in Shanghai into a five-year EUR 2 billion loan facility agreement.

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

For Gazprom this is the largest deal in terms of the amount of financing attracted directly from one financial institution and the first bilateral loan facility agreement with a Chinese bank.

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