JBIC finances J-ARC stake in Arctic LNG 2 Project
Japan Arctic LNG (J-ARC) – a joint venture between Mitsui (75%) and JOGMEC (25%) – has raised a $125 million direct loan from JBIC to part finance the $3 billion acquisition of a 10% stake in Novatek’s $23 billion Arctic LNG 2 project.Arctic LNG 2 plans to construct and operate a...