VOL. XLVII

No 20

17-May-2004

ENERGY FINANCE

ELNG Train One Syndication Nearing Completion Following Financial Close

MEES understands the second phase of syndication for the Egyptian LNG (ELNG) projects international credit facility for Train 1 is expected to be completed within the next week. The syndication has proven more successful than expected and more than 15 banks, from Europe, the Middle East and Asia, have confirmed their commitment, although the process was held up by a couple of banks...