US and Russia may build $25B Alaska gas terminal in exchange for lifting sanctions on Arctic LNG-2

The US and Russia may build a $25 billion gas terminal in Alaska in exchange for lifting sanctions on Russia's Arctic LNG-2 project, according to Financial Times. The publication reports that Russian company Novatek may have financed project preparations even before final approval by US authorities. FT does not rule out the project's implementation amid warming relations between Moscow and Washington.