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The European Investment Bank (EIB) has set up two project teams to consider loan proposals for the Spanish Egyptian Gas Company (SEGAS)liquefied natural gas (LNG) plant at Damietta and the second train of the Egyptian LNG (ELNG)complex being built at Idku. Both lendings, which will be submitted to the EIB board for approval in the last quarter, are expected to be worth about $300 million each. They come on the heels of the $372 million lending for Idku train 1, which is the bank’s biggest transaction to date outside the EU (MEED 11:6:04, Cover Story).