VOL. XLVI

No 33

18-August-2003

EGYPT

ENERGY FINANCE

ELNG Targeting Second Phase Of Syndication By Year End

The Egyptian LNG (ELNG) project is targeting the end of the year for the second phase of syndication for its $1bn international loan facility, according to the projects lead arrangers. The second phase will be a general syndication, unlike the first phase which closed in early July and was targeting banks which had expressed an early interest in the project, but did not want to make the full...