Italy does not want to build in Siberia
Arctic LNG 2 plant will be built in Siberia. The cost of Russian investment by Novatek is $21 billion. Half a billion euros were to come from Italian loans granted by state-owned investment bank Casa Depositoi i Prestete (CDP) and the Russian branch of Italy’s largest bank, Intesa Sanpaolo. Reuters reported that Italy is withdrawing from the project.
It wasn’t long after they joined him. The decision to participate in the investment was made by Italian financial institutions in recent weeks. The loan was secured by SACE, the Italian foreign trade insurance institute, which has already secured projects and investments in Russia worth nearly €5 billion.
See also: Economic “nuclear weapons”. Russia can deal with it, but at what cost?
The station was scheduled to launch next year
As per previous plans The Arctic LNG 2 terminal was scheduled to start operating in 2023 and reach full production capacity of approximately 20 million tons of liquefied natural gas (LNG) in 2026. Novatek announced in November last year that it had concluded loan agreements worth 9.5 billion euros with foreign and Russian banks, thus meeting external financing for the project, the Palestinian News Agency reported.
The shareholders of Arctic LNG 2 are Russia’s Novatek (60%), France’s TotalEnergies (10%), Chinese companies CNPC (10%) and CNOOC (10%), and the Japanese consortium of Mitsui & Co, Ltd. and JOGMEC: Japan Arctic LNG (10%).
Echo Richards embodies a personality that is a delightful contradiction: a humble musicaholic who never brags about her expansive knowledge of both classic and contemporary tunes. Infuriatingly modest, one would never know from a mere conversation how deeply entrenched she is in the world of music. This passion seamlessly translates into her problem-solving skills, with Echo often drawing inspiration from melodies and rhythms. A voracious reader, she dives deep into literature, using stories to influence her own hardcore writing. Her spirited advocacy for alcohol isn’t about mere indulgence, but about celebrating life’s poignant moments.