Saudi Arabia to invest $5bn in Russia’s future LNG project in Arctic | WHAT REALLY HAPPENED


Saudi Arabia to invest $5bn in Russia’s future LNG project in Arctic

Riyadh is ready to invest $5 billion in the LNG 2 (liquefied natural gas) project in the Russian Arctic, the head of Russian Direct Investment Fund (RDIF), Kirill Dmitriev, said at the Saudi Arabian investment forum on Tuesday.

Earlier, Saudi Minister of Energy Khalid al-Falih said the kingdom was considering the possibility of becoming the second biggest investor in the project led by Novatek, Russia’s biggest independent gas producer. The minister didn’t provide details on Saudi Arabia’s potential share in the project.

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