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Ilia Ditiatev

Partner, London

“I advise sponsors, lenders and contractors on large-scale projects in Russia and the CIS with an emphasis on energy and natural resources transactions. Being bilingual in Russian and English allows me to help my clients gain a much better understanding of their Russian counterparts and overcome cultural, practical and commercial challenges to complete their most strategically important transactions.”

Overview

Professional experience

Education and qualifications

Overview

Ilia specialises in energy and natural resources transactions in the emerging markets, focusing on energy & infrastructure financings. Ilia acts for borrowers, sponsors, commercial lenders, Development Finance Institutions (DFIs) and Export Credit Agencies (ECAs) on many complicated cross-border and first-in country projects.

Work highlights

Ilia has advised: 

  • Arctic LNG 2: ECAs, China Development Bank and international and Russian commercial lenders on the US$11bn project financing for the Arctic LNG 2 project
  • Yamal LNG: ECAs, including BPIfrance, SACE, Euler Hermes, JBIC, CEXIM, China Development Bank, EKN and EXIAR and international and Russian commercial lenders on the US$19bn project financing for the Yamal LNG project
  • Amur GCC: ECAs and international and Russian Commercial Lenders on the USD10bn+ financing for the Amur Gas to Chemicals Complex in Russia developed by SIBUR and SINOPEC
  • Kurdistan Oil Pipeline: Rosneft on a number of strategic upstream and midstream investments in Kurdistan
  • Amur Minerals: acting for Sber and Gazprombank on the USD2.5bn project financing for a greenfield copper mine developed by Russian Copper Company
  • Udokan copper: Gazprombank, Sberbank and VEB.RF on the USD 1.8bn project financing for Metalloinvest’s Udokan copper mine
  • Khi Solar: International Finance Corporation (IFC), European Investment Bank (EIB), FMO, Proparco and African development banks on the project financing of the US$460m Khi Solar project in South Africa
  • African solar: IFC and a number of South African commercial banks on several project financings for solar and wind projects in South Africa

Professional experience

Some further work highlights include:

LNG

  • RusChemAlliance: advising ECAs, DFIs and Russian and international commercial lenders on the project financing for a 2 train LNG project and a gas processing facility developed by Gazprom and RGD
  • Arctic Transhipment: Advising a lender on a USD600m+ financing for 2 floating LNG storage and transhipment terminals in Russia
  • Sakhalin-2 Phase II: advising Sakhalin Energy and sponsors on the development and financing for the USD20bn+ integrated oil and LNG project

Petrochemicals

  • Amur GPP: advising bridge lenders on the US$3bn+ bridge facilities for the Amur GPP project developed by Gazprom in Russia
  • Baltic Urea Plant: advising a Sber, Gazprombank, VTB, VEB and Otkritie on a USD1.5bn+ project financing for Eurochem’s urea plant in Kingisepp
  • SOCAR GPC: JBIC, NEXI, KEXIM, K-sure, SACE, CESCE and Gazprombank on a USD3bn+ project financing of a polyethylene plant in Baku developed by SOCAR
  • Baltic ammonia plant: advising the lenders and SACE on a project financing for Eurochem’s Baltic Ammonia plant in Russia

Upstream / pipelines

  • RusGasAlliance: advising lenders to a Gazprom subsidiary on a project financing of an upstream gas field and processing infrastructure in Russia
  • Rosneft JVs: advising on structuring joint ventures with foreign investors (ENI, Statoil, Chevron) and development of several upstream projects in the Black Sea and in the Arctic

Mining

  • Baimskaya copper mine: Advising the sponsor and borrower on the development and project financing for the Baimskaya copper deposit in Chukotka region of Russia
  • Usolsky potash complex: advising the lenders on the development and project financing of the US$750m Usolsky potash complex in Russia, for EuroChem

Renewables

  • Rostov Wind: advising Russian lenders on a financings of a 100MW onshore wind power project in Russia, the largest windfarm to be project financed in Russia to date

Education and qualifications

Ilia studied law at the London School of Economics and Political Science.

He speaks English and Russian.