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Italy's Saipem signs construction contract under Arctic LNG-2 project

MOSCOW, December 19. /TASS/. Italian Saipem in a joint venture with the Turkish Renaissance has signed a contract for the design and construction of the Arctic LNG 2 project for 2.2 bln euro. Saipem share in the project reaches 50%, the company said on Wednesday.

The project of the Russian company Novatek will be implemented in the Tazovsky District of the Yamalo-Nenets Autonomous Region.