NO. 42


ADGAS CompletesRepayment Of $500Mn Loan

The Abu Dhabi GasLiquefaction Company (ADGAS) has announced that the repayment of the $500mnloan arranged for ADGAS in 1983 was completed on 13 June 1994. The loan wasrefinanced in 1986 and repayment began four and a half years ago. The loan wasused to finance an expansion project which involved the construction of three80,000 cu. ms. LNG storage tanks and four 50,000 cu. ms. LPG tanks. It wasarranged by the National Bank of...