LNG

Global banks and insurance companies formed a long line to invest in Qatar Petroleum’s US$12.5 billion bonds to finance liquefied natural gas expansion in the Arab Gulf and the multi-tranche offerings could have been subscribed more than three times.

Höegh LNG, the Norwegian LNG fleet owner and floating terminal projects company with vessel contracts for China and India, said it planned to merge with funds managed by Morgan Stanley Infrastructure Partners in the latest carrier shipping fleet to be targeted by Wall Street banking interests.