News Post
France strengthens state guarantees for Yamal LNG; hopes for bigger French role in Arctic LNG 2
France has made the decision to strengthen government guarantees for the Yamal LNG project, and hopes French companies play a larger role in the new Novatek project, Arctic LNG 2, French Economy and Finance Minister Bruno Le Maire said at a briefing following a meeting of the Russian-French Council on Economic, Financial, Industrial and Trade Issues in Paris.
"In the energy area, we pointed out that we support Yamal LNG. This is the brightest project in French-Russian cooperation. I have made the decision that the mechanism of state guarantees will apply to a greater extent, in order to lower risks connected with this project, in order to show that we highly esteem this project. I would like the French side to participate in the Arctic LNG 2 project" he said.
Source: Interfax
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