The project is located northern Russia, and is planning to start LNG production operations in 2017. In April 2016, the project received loans from Chinese banks totalling US$12 billion.
Reuters reports that the loan from Intesa Sanpaolo bank pays an annual interest rate of six-month EURIBOR plus 2.5%, whilst SACE (the Italian export credit agency) and COFACE (the French export credit agency) provide an insurance coverage.