Bank approves funds for Arctic LNG 2
1/21/2021
Russia's Sberbank said it has approved financing of up to $3.64 billion for the Arctic LNG 2 project, Interfax news agency reported.
The $21 billion project led by Novatek NVTK.MM received final investment approval in 2019 and is scheduled to be launched in 2023.
It is expected to reach its full annual capacity of almost 20 million tonnes of liquefied natural gas in 2026.
($1 = 0.8235 euros)
(Reporting by Gabrielle Tétrault-Farber; writing by Vladimir Soldatkin; editing by Jason Neely)
Sign up to Receive Our Newsletter
- Mitsubishi Heavy Industries Compressor acquires Swiss rotating equipment maintenance company AST Turbo AG
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- Venture Global wins LNG arbitration case brought by Spain's Repsol
- CB&I awarded EPC contract for two LPG storage spheres in Canada
Comments