Gulf Oil and Gas accountACCOUNT

$600 million for the Egyptian LNG project in Idku

Source: www.oilegypt.com 5/10/2004, Location: Africa

Share |
Cairo May 10, 2004 British Gas, Petronas and Gaz De France have finalized the agreement of financing the first train of the Egyptian LNG plant In Idku which has a total value of $950 Million

Notification for withdrawing the first installment of financing the project was issued on 29, April 2004. The first installment of the loan is $600 million.

The first train production (3.6 mtpy) is expected in the third quarter of 2005, all output from train one had been sold to Gaz de France under a 20 year agreement.

The Loan Facilities comprises $154 million from the Egyptian Banks in addition to $795 million international credit facilities consisting of $189 million from the European Investment Bank and $ 189 million from the Euro Mediterranean Investment Bank.

Many banks and international financing institutes are participating in financing the Egyptian LNG project such as the Arab Petroleum Investments Corporation (APICORP), ANZ Bank, HSBC, Royal Bank of Canada, Royal Bank of Scotland, MIBank, NSGB Bank and CIB Bank.


LNG Processing News in Egypt >>

Nigeria >>  8/1/2018 - KBR, Inc. has been awarded an LNG FEED contract by Nigeria LNG (NLNG) for further expansion of the Bonny Island LNG plant at Bonny Island, Nigeria. ...
Egypt >>  7/24/2018 - HA Utilities, the utilities arm of leading regional construction and engineering group Hassan Allam Holding (HAH) is entering a joint venture (JV) wit...

Morocco >>  7/23/2018 - Sound Energy, the Moroccan-focused upstream gas company, announces, following the initial success in Eastern Morocco and in anticipation of the forthc...

Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 |

Oil & Gas Projects in Egypt >>

More News

 

Oil & Gas Companies in Egypt >>


Related Links

AO BJ BW CD CG CI CM DZ EG ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.