(Sky News, London, 16 July 2021) As deadly flooding ravages parts of Germany, the country's government is still considering massive investment in a Russian-led gas project known as Arctic LNG II. Germany has been accused of "pure play hypocrisy" for complaining of the impacts of climate change...
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2021/07/29
Country: France, Germany, Italy
ECAs: COFACE, Euler Hermes Deutschland AG, SACE S.p.A.
Issue: Climate Change, Oil, Gas and Mining
2021/05/30
Country: France, Germany, Italy, Russia
ECAs: COFACE, Euler Hermes Deutschland AG, SACE S.p.A.
Issue: Climate Change, Oil, Gas and Mining
(Reuters, London, 18 May 2021) A group of mostly Green Party lawmakers from the European Parliament on Wednesday urged the leaders of Germany, France and Italy not to support a Russian Arctic liquefied natural gas (LNG) project due to climate change concerns. The $21 billion project, led by...
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2020/12/30
Country: Italy, Japan, Korea, USA
ECAs: Export Import Bank of Korea, Export-Import Bank of the United States, Japan Bank for International Cooperation, SACE S.p.A.
Issue: Climate Change, Corruption, Debt, Human Rights, Oil, Gas and Mining
(Korea Times, Seoul, 14 December 2020) The Export-Import Bank of Korea (Eximbank) said Monday it will provide $500 million (545 billion won) in financial support for a major integrated liquefied natural gas (LNG) project in Mozambique. The project financing by the state-run lender is aimed at...
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2020/12/29
Country: United Kingdom
ECAs: COFACE, Euler Hermes Deutschland AG, SACE S.p.A., UK Export Finance (UKEF)
Issue: Climate Change, Oil, Gas and Mining
(Sydney Morning Herald, London, 12 December 2020) British taxpayers will stop subsidising overseas fossil fuel projects under a pledge by Prime Minister Boris Johnson which opens a new front in the push for more urgent international action on climate change. Johnson will announce the "world-...
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2020/10/28
Country: France, Italy, Korea
ECAs: Export Import Bank of Korea, Export-Import Bank of the United States, SACE S.p.A.
Issue: Climate Change, Oil, Gas and Mining
(Energy Intelligence Finance, New York, 30 September 2020) French TNC Total's CEO Patrick Pouyanne has emphasized that Africa will be at the "heart" of the company's long-term energy transition plans. Africa has long been a rich source of cash flow for Total (...
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2020/09/29
Country: China, France, Germany, Italy, Japan, Russia
ECAs: COFACE, Euler Hermes Deutschland AG, Japan Bank for International Cooperation, SACE S.p.A.
Issue: Climate Change, End Coal Financing, Oil, Gas and Mining, Renewables
(Reuters, London, 18 September 2020) International lenders have lined up about $9.5 billion in financial support for a Russian Arctic liquefied natural gas (LNG) project, a document seen by Reuters showed, even as such projects come under greater scrutiny over climate concerns. The $21 billion...
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2020/07/29
Country: France, Italy, Japan, Netherlands, South Africa, United Kingdom, USA
ECAs: Atradius, Export-Import Bank of the United States, Japan Bank for International Cooperation, Nippon Export and Investment Insurance, SACE S.p.A., UK Export Finance (UKEF)
Issue: Climate Change, Oil, Gas and Mining
(Climate Change News, London, 10 July 2020) A decade after prospectors struck gas off Cabo Delgado, northern Mozambique, a consortium led by Total is signing contracts worth $16 billion to exploit it. One of the biggest investments in Africa, the project to extract, liquefy and export gas...
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2020/06/29
ECAs: Export Import Bank of Korea, SACE S.p.A.
Issue: Climate Change, Oil, Gas and Mining
(Oil & Gas Republic, Lagos, 1 June 2020) Nigeria LNG Limited (NLNG) has secured $3 billion for the development of its Train 7 project. According to the company, the $3 billion is corporate financing from a group of 31 investors, building investor’s confidence in Nigeria’s oil and gas...
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2018/07/28
Country: France, Germany, Italy
ECAs: Euler Hermes Deutschland AG, SACE S.p.A.
Issue: Climate Change, Oil, Gas and Mining
(Azernews, New York, 28 July 2018) A presentation titled “Turkmenistan-Afghanistan-Pakistan-India (TAPI) Gas Pipeline: A new energy Great Silk Road to provide access to reliable, sustainable and modern energy for all” was organized at the headquarters of the United Nations Development Program (...
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2017/12/31
ECAs: SACE S.p.A., Sinosure
Issue: Climate Change, Oil, Gas and Mining
(LNG Worldshipping News, London, 4 December 2017)) Floating LNG (FLNG) is opening new offshore gas basins for LNG development in Africa. The ownership structure of Africa’s new LNG production and the willingness of international oil companies to deploy new technologies will drive the...
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2017/10/29
Country: Italy
ECAs: SACE S.p.A.
Issue: Activists demand end of massive OECD support for fossil fuels, Climate Change, Oil, Gas and Mining
(Global Trade Review, London, 11 October 2017) Italian engineering, procurement and construction (EPC) contractor Sicilsaldo has secured an €80mn contract for a gas pipeline project in Mexico, with the backing of Italian export credit agency Sace. “Sace has backed 80% of the €80mn”, a...
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2016/12/30
ECAs: COFACE, EXIM Bank China, SACE S.p.A.
Issue: Climate Change, Human Rights, Oil, Gas and Mining
(TFX News, London, 12 December 2016) ECAs are to offer guarantees for two LNG projects in Mozambique, as commercial lenders watch closely to see how talks progress between the government and the IMF before committing to the project. Export credit agencies (ECAs),...
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2015/11/30
Country: Brazil
ECAs: Nippon Export and Investment Insurance, Oesterreichische Kontrollbank AG, SACE S.p.A., UK Export Finance (UKEF)
Issue: BRIC countries, Climate Change, Oil, Gas and Mining
(Global Trade Review, London, 18 November 2015) Brazilian national oil company Petrobras has concluded negotiations with international export credit agencies (ECAs) for a total of US$1.84bn. According to a company statement, this financing will contribute towards its fundraising efforts...
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