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Following a combination of significant increases in inflationary pressures and supply chain costs, Hexicon recognised an impairment on the Project in December 2025
The key limiting factor was disruptions in port infrastructure, primarily in Primorsk and Ust-Luga.

EU to fund LNG infrastructure project

The ‘LNGHIVE2: Infrastructure and Logistics Solutions’ project, coordinated by Spanish energy company Enagás, has been selected by the European Commission CEF for funding.

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