On 31st of January 2024, the guarantee on loans that SACE had issued in 2021 in favour of Intesa Sanpaolo and Cassa Depositi e Prestiti (CDP) for Arctic LNG-2 will be terminated. Arctic LNG-2 is natural gas liquefaction mega-project of the Russian company Novatek under construction in the Gydan Peninsula, one of the most at-risk territories in the Russian Arctic.
After more than three years of campaigning and advocacy by ReCommon and its Italian and international partners, the organization welcomes the news.
