Intesa elaborates on financing of Arctic LNG 2 and Nord Stream 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).

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