including power generation, upstream oil & gas, LNG liquefaction and regasification, refining, petrochemicals and gas/electricity transmission
The project involves the greenfield development of an onshore gas field, three LNG liquefaction trainswith a total capacity of 16.5 million tonnes per annum, LNG storage, related port infrastructure and a specialist “ice class” LNG shipping fleet. The project sponsors are Novatek OAO, TOTAL SA, CNPC and the Silk Road Fund. LNG output is fully contracted to long term LNG offtakers in Europe and Asia.
The Portland team of Geoff Knox, Harry Philp and James Benbow were responsible for advising the ECAs on all financial aspects of the project including:
The transaction closed in Q4 2016 with CDB and CEXIM. SACE, BPI (COFACE), JBIC, EXIAR, Euler Hermes and EKN ecceeded to the financing in 2017.
The transaction was voted 2016 EMEA Oil & Gas Oil & Gas Deal of the Year by Euromoney
To discuss this further, contact Geoff Knox at email@example.com