LNG

Feb 7 (LNGJ) - Kosmos Energy, the joint venture partner of BP in two floating LNG projects planned for Offshore Senegal and Mauritania, has easily refinanced its reserve-based lending (RBL) facility to $1.3 billion. The facility, which previously incorporated only the company’s Ghana assets, now includes recently acquired production assets in Equatorial Guinea as well as allowing the company the flexibility to include the Greater Tortue development, source of the feed-gas for the FLNG projects. “We are pleased to have refinanced, increasing our borrowing capacity through the incorporation of our increased reserves and production. The financing, which was oversubscribed, saw strong appetite from both new and existing banks,” said Kosmos Chief Financial Officer Thomas P. Chambers.