Middle East Economic Survey


No 21



ELNG Train Two Request For Financing Launched

The request for financing for the construction of a second train at the Damietta LNG plant in Egypt was launched on 16 May and banks are being asked to bid at the mandated lead arranger level, MEES understands. Around $800mn in debt is being sought for the project which is expected to cost a total of $1.1bn.Like the first train, the second will have a 5mn tons/year production capacity. An...