Hong Kong-based China LNG Group changes name and image to reflect more focus on clean power
China LNG Group Ltd., a Hong Kong-based company with assets along the value chain in mainland China, has formally changed its name to China HK Power Smart Energy Group Ltd to reflect better the company’s business plans and demonstrate its commitment to future development.
South Korea LNG loan
June 1 (LNGJ) - The Korea Development Bank said it lent 480 billion Korean won ($388M) along with several other banks to the South Korean shipyard, Hyundai Heavy Industries, as part of its pro-environment “green loans” programme. The other banks involved included UK-based HSBC and ICBC, a KDB affiliate.
“Green loans usually are offered to finance eco-friendly projects, such as LNG carriers, renewable energies and high-efficient energies,” said a statement. Hyundai Heavy will use the funds from the loan to develop technologies for LNG carriers.
Morocco moves forward with plans for LNG import facilities and gas-fired power plant
Morocco is hoping to join the ranks of global liquefied natural gas importers after its national power and water company appointed international financial and legal advisers for the development of LNG and power infrastructure to meet the North African kingdom's rising energy needs.
Delek of Israel signs financing deal for Leviathan natural gas project in the East Mediterranean
Delek Group, the Israeli developer of the Leviathan natural gas project in the East Mediterranean to supply Israel and neighbouring countries, has signed a first phase financing deal for up to $1.75 billion to start development of the Leviathan project.
Japanese and European banks help finance first LNG facility in Gulf state of Bahrain
The oil investment company of the Arab Gulf nation of Bahrain has borrowed $570 million from Japanese and European banks to help finance the island’s first LNG import facility and to upgrade an oil refinery.
