Middle East Economic Survey

VOL. L

No 5

29-Jan-2007

EGYPT

SEGAS To Seek Up To $1Bn In Project Finance To Refinance LNG Debt

Spanish Egyptian Gas Company (SEGAS) will be seeking to replace debt for its Damietta LNG project with a project financing worth up to $1bn, although the final sum is yet to be determined, MEES understands. The bank market is expected to be approached in March. The $1bn figure will include funding from the European Investment Bank (EIB) of an as yet unspecified amount. Now...