News
01 November 2021

Arctic LNG 2 project funding mix changes

In:
Oil & gas
Region:
Europe

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...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
03 September 2026

Taean: A Korean offshore wind test case for ECAs

The embryonic Korean offshore wind market is a long way off project finance adolescence. A viable ECA-backed template for big-ticket projects is set to emerge next year – but...

Perspective
03 September 2026

Serica and Adura: A modest comeback for North Sea RBLs

Serica Energy’s oversubscribed $750 million refinancing and Adura’s $3 billion RBL show that bank liquidity is returning to the UK’s North Sea. But it is returning on terms...