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2020-09-18 12:00:00

RUSSIA'S ARCTIC LNG 2 INVESTMENT $9.5 BLN

RUSSIA'S ARCTIC LNG 2 INVESTMENT $9.5 BLN

REUTERS - SEPTEMBER 18, 2020 -  International lenders have lined up about $9.5 billion in financial support for a Russian Arctic liquefied natural gas (LNG) project, a document seen by Reuters showed, even as such projects come under greater scrutiny over climate concerns.

The $21 billion project, which received final investment approval a year ago, is expected to be launched in 2023 and to reach its full capacity of almost 20 million tonnes per year in 2026.

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Earlier:

RUSSIA'S ARCTIC LNG 2 INVESTMENT $9.5 BLN
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