Sergey Kondratiev, Principal Director on Economic Studies at the Institute for Energy and Finance, commented to the Kommersant newspaper on the Arctic LNG 2 implementation.
Sergey Kondratiev believes that NOVATEK will be able to continue financing the project on its own, although it will be more expensive.
"I don't really believe that Chinese banks will talk about default. I think we don't fully understand now how long-term the situation is with the redirection of goods belonging to other shareholders, whether it's about suspending or terminating long-term contracts," he adds.
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