VOL. XLV

No 34

26-August-2002

EGYPT

ELNG Project Seeking $1.15Bn In Financing

The sponsors of the Egypt LNG project (ELNG) areseeking $1.15bn worth of project financing, with the figure representing theplanned completed development cost, including interest during construction, MEES understands. They hope to receivemore than a third, or $450mn, from the European Investment Bank (EIB) whichwould provide direct political risk cover of $225mn in addition to EIB痴 participation itself being an...