Novatek says Japan, China may boost Arctic LNG 2 funding as EU cools

Novatek says Japan, China may boost Arctic LNG 2 funding as EU cools

VLADIVOSTOK, Russia, Sept 3 (Reuters) – Japanese and Chinese banks may provide more funding for Russia’s Arctic LNG 2 project amid a lack of support from European governments, Leonid Mikhelson, head of the project’s major shareholder Novatek (NVTK.MM), said on Friday. Shareholders in Russia’s Novatek this year approved external financing of $11 billion for the Arctic LNG 2 project, which…
Novatek says Japan, China may boost Arctic LNG 2 funding as EU cools

Novatek says Japan, China may boost Arctic LNG 2 funding as EU cools

VLADIVOSTOK, Russia, Sept 3 (Reuters) – Japanese and Chinese banks may provide more funding for Russia’s Arctic LNG 2 project amid a lack of support from European governments, Leonid Mikhelson, head of the project’s major shareholder Novatek (NVTK.MM), said on Friday. Shareholders in Russia’s Novatek this year approved external financing of $11 billion for the Arctic LNG 2 project, which…