Middle East Economic Survey


No 26


RasGas 2/3 Expansion Costs Put At $13Bn

The expansion of RasGas 2/3, which includes Trains 3-7, is expected to cost $13.025bn, funded through the combination of equity, bank facilities and bonds, MEES learns. To the end of July equity investment in the project already made by shareholders Qatar Petroleum (70%) and ExxonMobil (30%) is expected to be $3.2-3.5bn. Equity input has been used to build Trains 3 and 4, to start construction of...