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Asia Connect
A consortium comprising Mota-Engil, Trafigura and Vecturis is set to begin operating the Lobito Corridor railway in Angola under a 30-year concession announced earlier this year.
30 Nov 2022
Construction work is about to begin on the 545-kilometre Champlain Hudson Power Express (CHPE) below-ground transmission line which will deliver hydropower from Quebec to New York City.
30 Nov 2022
Japan’s JGC Holdings Corp has won the contract for the front-end engineering and design (FEED) of Nigeria’s first floating liquefied natural gas (FLNG) project, along with Technip Energies of France.
30 Nov 2022
Singapore-based commodities trader Trafigura has closed a syndicated financing facility with Eastern and Southern African Trade and Development Bank (TDB) to develop copper and cobalt mines in the Democratic Republic of Congo (DRC).
30 Nov 2022
Saudi Aramco will invest US$7 billion in its South Korean affiliate S-Oil for the construction of a refinery-steam cracker plant that will convert crude oil into high-value petrochemical products.
23 Nov 2022
The US division of oil trading giant Gunvor has closed a US$1.45 billion uncommitted syndicated borrowing base facility with a group of 16 international banks.
23 Nov 2022
China’s Sinopec and Sonatrach of Algeria have signed a memorandum of understanding on expanding their existing collaboration.
23 Nov 2022
Acwa Power has signed a memorandum of understanding (MOU) with The Sovereign Fund of Egypt (TSFE) to explore a joint investment in 1.1-gigawatt wind energy project in the Gulf of Suez in Egypt.
23 Nov 2022
Trumbull Energy Center’s gas-fired power plant in Ohio, whose sponsors include Korea Southern Power (Kospo), has reached financial close, and construction will begin in weeks.
16 Nov 2022
The first shipment of liquefied natural gas (LNG) from the Area 4 Coral gas field offshore Mozambique recently departed from the Coral Sul floating liquefied natural gas (FLNG) facility.
16 Nov 2022
Senior lenders to Polish pipelines and liquefied natural gas (LNG) terminals operator Gaz-System have agreed to amend intercreditor arrangements and existing finance documentation in connection with a new 1 billion zloty (US$220 million) subordinated loan made available to it by the Polish Development Fund.
16 Nov 2022
Seaspan Corporation has returned to the Japanese Operating Lease with Call Option (Jolco) market with a US$1.17 billion financing for fifteen 7,000 TEU dual-fuel newbuild container vessels, backed by China Export & Credit Insurance Corporation (Sinosure).
16 Nov 2022
The Asian Development Bank (ADB) has signed a US$40 million financing package with GreenCell Express Private Limited (GEPL) to develop 255 electric buses (e-buses) for the Indian market.
9 Nov 2022
Abu Dhabi National Oil Company (Adnoc) and GAIL (India) Limited have signed a memorandum of understanding to explore collaboration opportunities in liquefied natural gas (LNG) supply and decarbonization, including short- and long-term LNG sales agreements.
9 Nov 2022
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