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Russia expects Chinese banks to sign financing deals for Arctic LNG 2 -Ifax

MOSCOW - Russia's Deputy Prime Minister Alexander Novak expects Chinese banks to sign financing deals for Novatek's Arctic LNG 2 project, the Interfax news agency reported on Monday, as the company seeks to raise funds for its huge future plant.

MOSCOW - Russia's Deputy Prime Minister Alexander Novak expects Chinese banks to sign financing deals for Novatek's Arctic LNG 2 project, the Interfax news agency reported on Monday, as the company seeks to raise funds for its huge future plant.

Shareholders in Russia's Novatek this year approved external financing of $11 billion for Arctic LNG 2, which is expected to start production in 2023. REUTERS

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