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JOGMEC repays loan guarantee for Japan Arctic LNG before US sanctions waiver expiry

February 5, 2024 Comments Off

The state agency Japan Organization for Metals and Energy Security has fulfilled its liability obligations for Japan Arctic LNG, or JARC, repaying a total of around Eur814 million ($882.8 million) loan to banks Jan. 30, a day ahead of the expiry of the US sanctions waiver for transactions involving Russia’s Arctic LNG 2 project. JOGMEC’s fulfillment of the loan guarantee,…