VOL. XLVI

No 33

18-August-2003

EGYPT

ENERGY FINANCE

Egypt SEGAS LNG Venture Unlikely To Seek Project Financing

Egypts SEGAS LNG venture in Damietta is unlikely to secure financing before the scheduled start-up date towards the end of 2004, meaning that it will not be seeking project financing before completion, MEES understands. Despite press reports last week that a $910mn debt package would be completed in November, there has been no development in financing and it is at a standstill, a banking...