The wider project with Gazprom's participation will help Russia, already a leading energy producer, to reach its goal of boosting its share of the liquefied natural gas (LNG) market.
The cluster is designed to process annually 45 billion cubic metres of natural gas, produce 13 million tonnes of LNG, 3.6 million tonnes of ethane and up to 1.8 million tonnes of liquefied petroleum gas (LPG).
Carbon neutral LNG typically involves companies supporting nature-based projects that reduce emissions to offset those generated from the exploration and production of LNG.
I hope that in the nearest future we will supply our first fully carbon-neutral cargo of LNG to Europe.
The 15-year syndicated loan "allows to fully finance the initial and the most important stage" of the field's development in order to launch it as planned, RusGazDobycha said in a separate statement.
Russian state development bank VEB pledged in August financial backing for the LNG project.
Revenue fell 20% to 2 trillion roubles while earnings before interest, taxes, depreciation, and amortisation (EBITDA) dropped 42% to 415.4 billion roubles, the company said.
Russia, which currently has two LNG plants - on Sakhalin island in the Pacific ocean and Yamal LNG in the Arctic - has said that LNG exports will never be in competition with its pipeline gas.
Ust Luga LNG...with confirmed capital expenditures of 750 billion roubles ($10 billion).
Around 120 km is left to be laid in Danish waters as well as almost 30 km in German waters, before it makes landfall at the northern German coastal town of Lubmin, near Greifswald.
The project has become more politicised after Kremlin critic Alexei Navalny, who was poisoned in August in Siberia and flown to Germany for treatment.
The following months will bring an increase in the frequency of (LNG) deliveries. In the second and third quarter, we plan to collect a total of about 15 cargos.
PGNiG said the share of Russian gas accounted for 60% of total gas imports in 2020, stable year on year.