Gulf Oil and Gas accountACCOUNT

$600 million for the Egyptian LNG project in Idku

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

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 >>

Russia >>  12/13/2018 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Yoshihisa Suzuki, President and Chief Operating Officer of ...
Russia >>  12/11/2018 - PAO NOVATEK announced today that its joint venture Yamal LNG has reached full capacity at the plant’s three LNG trains. The Yamal LNG project was impl...

Tanzania >>  12/4/2018 - Norway’s Equinor is ready to start talks with Tanzania on developing a liquefied natural gas (LNG) project based on a deepwater offshore discovery, th...
China >>  11/21/2018 - The LNG2019 Exhibitor Briefing, held on Thursday 15 November, brought together senior executives from international oil companies including Chevron, E...

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

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.