Plans for new LNG facilities in Latin America will not advance independently of the conditions in the US market. And the prospects are still not good. By Tom Nelthorpe
01 August 2002
Guangdong LNG awarded
A $283 million financing mandate was signed for Petronet LNG on 3 July 2002. It is being touted as the largest ever LNG ship project with the offtaker, India LNG Transport Company 1 and 2, based in a non-investment grade country. The twelve-year loan, priced at 230bp over Libor, will finance the acq...
A six-year, $200 million loan to the Russo-Finnish joint venture Severtek, due to close in August, presents an alternative to production sharing agreements (PSAs) as the framework for financing Russian hydrocarbons projects.