VOL. XXXVII

NO. 12

20-DECEMBER-1993

Qatar

Qatargas And Japanese Banks Sign For $2Bn LNG Downstream Financing

The Qatar Liquefied Gas Company (Qatargas) and four Japanese banks signed inDoha on 15 December the term sheet principles for the $2bn non-recourse loanfinancing of the downstream phase of the Qatargas LNG project. The loanagreement, which will be finalized next March, will facilitate the financing ofthe project's 4mn tons/year liquefaction plant and supporting facilities. Thefact that the...