(The Asset, Hong Kong, 14 June 2017) Three Chinese banks and 12 others as well as 5 ECAs, are participating in a US$8 billion-dollar syndicated project loan for a floating liquefied natural gas (LNG) project being developed off the coast of Mozambique by Italian energy company Eni. A project finance loan will provide 60% of the funding for the floating LNG platform, which will be built in South Korea by a consortium comprising Samsung Heavy, Technip of France, and JGC of Japan. The loan has guarantees from five export credit agencies: Export-Import Bank of China, Coface of France, Export-Import Bank of Korea (Kexim), Korea Trade Insurance Corporation (KSure), and SACE of Italy.
