Weathering the finance storm -approving LNG projects

摘要

The financial close of Exxon Mobil's 6.3 mtpa PNG LNG plant in Papua New Guinea -slated for Q4 2009 - will be a key indicator of how LNG project finance has evolved in the wake of the financial crisis. Not only will this project require a major financing effort - the sponsors are aiming to secure over $11 billion in debt - but it will be the first liquefaction project to complete its financing since the collapse of Lehman Brothers. LNG Business Review examines the challenges of financing LNG projects during the global economic downturn.