Arctic LNG 2 project funding mix changes

Bpifrance has dropped out of the $11 billion ECA-covered debt package backing the Novatek-led Arctic LNG 2 scheme in Russia. Financial close is now expected early next year. Sponsored by Novatek, Total, China National Petroleum Corp, CNOOC and Mitsui-JOGMEC, the project, which will produce 19.8...