PublicInvest Research understands there are several banks that are coming close to an agreement to fund Wah Seong's Nord Stream 2 project.
The research house said Wah Seong is continuously expanding its O&G operations into wider markets, specifically Europe whereby the demand for renewable energy (that is natural gas) is expected to rise with the development of a resilient energy union having a forward-looking climate policy as one of the strategic objectives of the EU. The group, with its latest Nord Stream 2 project, paves the way for future jobs in that market.
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