Middle East Economic Survey

VOL. XLVII

No 43

25-October-2004

ENERGY FINANCE

ELNG Poised To Launch Train Two Financing Request

The request for $880mn in financing for Train 2 of the Egyptian LNG (ELNG) project is expected to go out to banks at the end of this month, MEES understands. The banks that will be invited to bid to provide Train 2 financing as mandated lead arrangers (MLAs) are those that have shown the highest levels of commitment to train one. ELNG is seeking more than the originally...