Asian and European lenders unveiled a $1 billion finance package Friday to help fund an Azeri natural gas field meant to diversify the European energy sector. The Asian Development Bank and the European Bank for Reconstruction and Development, with support from the Black Sea Trade and Development Bank, announced funding support for the second stage of the Shah Deniz natural gas field off the coast of Azerbaijan. The ADB said the project is “crucial” for energy security in the European economy. “This project is one of the European Union’s highest priorities for the energy sector,” EBRD Managing Director for Energy and Natural Resources Riccardo Puliti said in a statement. “It is key for energy security because it diversifies routes and […]