Middle East Economic Survey

VOL. XLVII

No 51/52

20/27-December-2004

Qatargas-2 And South Hook LNG Terminal Sign Record Financing Agreement

The financing for the Qatargas-2 project, which is costing a total of $12bn, was signed on 15 December concurrently with the engineering, procurement and construction (EPC) contract by the project sponsors Qatar Petroleum and ExxonMobil. Qatargas-2 itself has entered into funding agreements totalling $6.5bn and the associated regasification terminal, South Hook...