Middle East Economic Survey


No 43



Qatargas 3 Attains Low Margins, In Line With Current Trend

Qatargas 3 has, in line with current trends, secured low margins for its financing, MEES understands. The margins are 45bps to completion, 60bps post-completion to year eight (from the anniversary of signing), 65bps in years 8-12 and 70bps from years 12 onwards. Tenor is 15 years. The margins are close to the 45-65bps seen in the recent RasGas 2/3 deal, suggesting that...