The New Energy Source for the Asia Pacific
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Project Financing
Agreement for Phase 1 financing of $348m singed in Dec 1997
Phase 1 loan repayment commenced in Oct 2000
PIM for Phase 2 financing launched in Jun 2003
Phase 2 financing Term Sheet negotiations with JBIC, EBRD, ECGD and
USEXIM complete in Oct 2004
Commercial bank appointment process to start early next year and Financial
Signing targeted for mid next year
Phase 2 financing is:
largest ever project financing on a limited recourse basis (roughly $5bn senior
debt targeted);
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for the project of unprecedented size and complexity in Russia; and
- flexibly structured to accommodate the expected build-up of LNG sales.
commitments.
SAKHAL
SHEPHE
ENERGY
Sakhalin Energy
THE NEW ENERGY SOURCE FOR THE ASIA PACIFIC
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