Tangguh consortium signs $2.6b loan deal
Tuesday, August 1 2006 - 03:23 AM WIB
The consortium led by British energy giant BP PLC that is building the Tangguh LNG plant in Papua signed on Tuesday a deal with a number of lenders on the provision of US$2.6 billion loan for the project.
The lenders are Asian Development Bank (ADB), JBIC, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Fortis Banque, Sandard Chartered, ING, Sumitomo Mitsui Banking Corp, Mizuho and BNP Paribas. HSBC acts as trustee and paying agent.
The signing ceremony was witnessed by Minister of Energy and Mineral Resources Purnomo Yusgiantoro and head of oil and gas upstream regulator Kardaya Waranika. (Alex)