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Thursday, 17 May 2012

LNG terminal news

Vopak and Gasunie have set a ceiling on the margins they are willing to accept on the extra 20.5-year €180m debt for the expansion of their GATE LNG project, asking for 215bp during construction and 200bp to 260bp during operation. Reportedly, about half of the banks in the original €745m financing have so far consented. The EIB has committed €50m for the expansion.

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