Exmar secures $200m financing from ICBC

Exmar secures $200m financing from ICBC

Brussels: Exmar has scored a massive financing coup in front of the Chinese president and the king of Belgium. The Nicholas Saverys-led has firm has signed a $200m financing agreement with Chinese bank ICBC for a floating liquefaction and storage unit (FLNG).

The unit will be serving a gas project for Colombia’s Pacific Rubiales Energy. The export buyer’s credit provided by ICBC is based on the FLNG being built in China. The vessel will be the single largest Chinese export to Belgium ever.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Related Posts