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Sakhalin LNG Receives Financing to Complete Project

Reuters (U.K.) reports that Sakhalin Energy Investment Co. has secured $5.3 billion from the Japan Bank for International Cooperation and a consortium of international banks to finance the last stages of construction and the commissioning of the Sakhalin
June 15, 2008

Reuters (U.K.) reports that Sakhalin Energy Investment Co. has secured $5.3 billion from the Japan Bank for International Cooperation and a consortium of international banks to finance the last stages of construction and the commissioning of the Sakhalin LNG liquefaction project. Gazprom, one of the project developers, announced earlier this spring that it expects the project to begin exporting LNG to customers in Asia and the United States in 2009.

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