Offtake Agreements: Role Features and Alternatives for Project Finance
Article from: OGEL 1 (2006), in Liquefied Natural Gas (LNG)
Energy ventures require large financial resources from investors, varying from around US$ 600 million for the construction of a power plant based upon CCGT - Combined Cycle Gas Turbines - to several billion US dollars for the creation of an integrated LNG - Liquefied Natural Gas chain. Not many companies in the world can afford to use their own resources in the development of such projects. Even the ones that do, often resort to financial markets for the provision of funds. These third party financial resources come through basically two types of systems: balance sheet ...