News Snapshot:
News wire — Japanese and Chinese banks may provide more funding for Russia’s Arctic LNG 2 project amid a lack of support from European governments, Leonid Mikhelson, head of the project’s major shareholder Novatek, said on Friday. Shareholders in Russia’s Novatek this year approved external financing of $11 billion for the Arctic LNG 2 project, which is expected to start production of liquefied natural gas (LNG) in 2023. A document seen by Reuters last year said that could include about $1 billion from France and Germany. A group of mostly Green Party lawmakers from the European Parliament in May urged...
