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By Nick Flitterman

Portland Wins PFI Award

Portland Wins PFI Award

The $4.6 billion debt financing for the Coral South FLNG project, where Portland acted as ECA Advisor to the export credit agencies, has been awarded “2017 Middle East & Africa Oil & Gas Deal of the Year” by Project Finance International.

Portland advised Bank of China, China Development Bank, China Eximbank, ICBC, KEXIM, KSURE, SACE and BPI (COFACE).

To discuss this further, contact Geoff Knox on +44 20 7183 8387 or geoff.knox@portlandadvisers.com

 

By Nick Flitterman

Coral South FLNG Closes

Coral South FLNG Closes

Financial close on the landmark $4.6 billion debt financing for the Coral South FLN project reached financial close yesterday.

Portland acted as ECA Advisor to Bank of China, China Eximbank, ICBC, KEXIM, KSURE, SACE and BPI (COFACE).

The project is an gas production and liquefaction development based on a floating LNG vessel offshore Mozambique. Project sponsors are Eni, CNPC, Kogas, GALP and ENH.

The project comprises the development of an offshore gas field connected to a floating gas processing, LNG liquefaction, storage and offloading vessel located above the field with a capacity of 3.5 million tonnes per annum.

To discuss this further, contact Geoff Knox on +44 20 7183 8387 or geoff.knox@portlandadvisers.com

or James Benbow on +44 20 7183 8389 or james.benbow@portlandadvisers.com

Portland Wins PFI Award