Intesa elaborates on financing of Arctic LNG 2 and Nord Stream 2
» Intesa elaborates on financing of Arctic LNG 2…
The Italian bank group Intesa considers involvement in financing the second Novatek’s project for LNG production, Arctic LNG 2, and examines the loaning options for the construction of Gazprom’s Nord Stream 2 pipeline.
The bank, which financed the first Novatek’s LNG project on Yamal, now considers and discusses another project funding, Arctic LNG 2. The amount of financing is undisclosed yet.
Yamal LNG, which will be commissioned in November, was earlier provided with 750m EUR by Intesa (about $882m).
Exclusive: Enterprise Products explores sale of Texas oil terminal stake – document
U.S. pipeline operator Enterprise Products Partners LP is looking to sell its 50% stake in a recently-completed South Texas crude export terminal, according to a marketing document viewed by Reuters. Enterprise is weighing an exit from the joint venture with terminal operator Plains All American Pipeline LP after proposing to build its own offshore port…
Novatek says ships 1st Yamal LNG cargo via Northern Sea Route
Russia’s largest independent natural gas producer, Novatek said Wednesday it shipped the first liquefied natural gas cargo from its giant Yamal LNG export plant via the Northern Sea Route. The 172,000-cbm ice-class LNG carrier Vladimir Rusanov left the Yamal LNG port in Sabetta on June 25 and is heading towards China, Mark Gyetvay, Novatek’s finance…
Putin vows tenfold Arctic shipping by 2025
Delivering his state-of-the-nation speech to the parliament on Thursday, Russian President Vladimir Putin highlighted the importance of speeding up the countries infrastructure developments. The Arctic plays a strategical important role in the plan. «A number of large-scale industrial projects in the Arctic have already been launched,» Putin said and ensured those projects meet the strictest…