Sunday, 29 March 2015
Australia’s largest gas pipeline owner APA is in talks with Santos on a potential new pipeline connecting Santos’ Narrabri coal seam gas project with APA’s existing pipeline network at Tamworth, New South Wales. The A$2bn, 200km pipeline is the latest effort by the pipeline group to become the pre-eminent gas pipeline company in Australia. APA is also in talks with the NT government for a separate A$900m pipeline project.
Thailand is expecting an oversupply of power within the next 10 years, a situation all others Asian countries would envy. The government instead is seeking to delay the start of these greenfield power plant projects. By Minerva Lau.
Finnish utility Fortum has agreed to sell its Swedish electricity grid to a Canadian-Swedish consortium. The buyout is backed by a huge package of cheap debt provided by a large group of lenders. By Stefano Berra
The surge by Australian companies to refinance existing project debt and gain lower margins and longer tenors has been unprecedented and is gathering pace, with more than A$15bn worth of refinancing either completed or in the market in the first few months of 2015. By John Arbouw.
Myanmar is one of the world’s oldest oil and gas producers. However, its upstream oil and gas sector is considered to be relatively underdeveloped. By senior associate, Domenico Ferrari, and partner, Adrian Wong, Nabarro LLP.
Welcome to the 2015 Thomson Reuters Project Finance International (PFI) Yearbook. The Yearbook is our annual publication in which we look at the events of 2014, through case studies and the PFI Awards, and look forward into 2015 with articles in the Global section of the book. This year we have interviewed and profiled a host of leading sponsors from the Americas, Asia-Pacific and Europe Middle East & Africa (EMEA) to take the market temperature – to see how the clients are viewing market prospects.
The project finance market in Europe has become intensively competitive as the number and type of debt providers grows. Banks are coming back strongly into the medium and long term debt market as the effects of the euro crisis fade. Institutional investors, attracted into the market to fill the gaps made when the banks left during the euro crisis, remain and indeed are growing keener on the infrastructure sector. In times of low interest rates and low inflation, the yield uptick offered by creditworthy projects is compelling.
The keenly awaited annual Project Finance International (PFI) Global Infrastructure report has been published at a time when the market is turning. More long term liquidity is available for infrastructure schemes, pricing on shorter term infraco deals is moving down encouraging sponsors back into bidding for assets and the projects pipeline is showing signs of growing once again.
PFI has released its first Best Practice in Asia report - at a time when the procurement and development of projects has never been more critical as the region seeks to ensure its infrastructure keeps pace with its economic growth. The report includes a range of views from senior project practitioners plus the first PFI Citations for best practice.
To read the PFI Magazine or Yearbook Digital Edition you will need to enter your details in the login section. If you have forgotten your password, or would like to find out more about PFI subscriptions, please email firstname.lastname@example.org.
The Global Energy report takes a look at the full range of issues currently exercising the project finance market - from funding schemes in Africa and obtaining finance for coal fired plants onto renewables, FLNG and the LNG boom in North Americas.
This is the 8th year that PFI is putting together an annual report on India. It comes at a special time when the country has just elected a new prime minister – Narendra Modi – the leader of Bharatiya Janata Party, who broke the status quo and is expected to bring marked changes to the direction the economy has been going through. The theme of the report will thus be “the rebooting of India”.