VOL. XLVII

No 09

01-March-2004

ENERGY FINANCE

Ras Laffan Debt Coverage Adequate, Capitalization Comparable To Similar Projects, Says S&P

Ras Laffan Liquefied Natural Gas Companys (RasGas) sale and purchase agreement (SPA) should provide it with adequate revenues to cover its debt service obligations based on a number of scenario analyses, project pro formas, and early project life performance, ratings agency Standard & Poors (S&P) has said in a 23 February report entitled Presale: Ras...