WBG To Fund LNG Despite Upstream Oil, Gas Exit
13 February 2018:
Despite announcing that as of 2019 it will no longer make investments in upstream oil and gas, the World Bank Group (WBG) is still expected to play an important role in financing the LNG sector.
The WBG, which includes the International Finance Corp., International Bank for Reconstruction and Development and Multilateral Investment Guarantee Agency, made the announcement at the One Planet Summit in Paris on Dec. 21 last year.
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