Novatek plans to raise $11 billion for second Arctic LNG project from Russian, Asian banks
That's on top of $10 billion from the projects stakeholders.
Russian gas company Novatek’s Arctic LNG 2 project aims to raise $11 billion in financing in a 50/50 split between domestic and Asian banks, on top of $10 billion to be raised by the shareholders in the project, the business daily Kommersant reports, bringing the project’s total costs up to $21.3 billion.
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