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Latest Oil & Gas Analysis
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Ichthys LNG refinancing, Australia
Oil & Gas Asia PacificLead sponsors Inpex Corporation and Total in June 2020 refinanced all Ichthys LNG's project debt, which sized at $8.29 billion and is said to be the largest refinancing of a PF facility. Liquidity from commercial banks was surprisingly strong, given the timing amidst the Covid-19 pandemic and an oil price crash, with debt pricing significantly reduced
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M&A in the Covid-19 epoch: APAC perspective
Oil & Gas Asia PacificCovid-19's impact appeared first in listed markets. Investors in late January were slowly pricing in the disruptions. Today, however, a popular Asia Pacific infrastructure index shows not a prolonged bloodbath but glimmers of a V-shaped recovery. IJGlobal reports on the pandemic's influence on origination, structuring and execution in the region's private market
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Falling off a cliff – infra style
Oil & Gas EuropeAs you look out there – virtually, of course, as you shouldn’t be going further than the end of your road unless it’s to load up with a couple of hundred-weight of bog roll – it’s a curiously vibrant market… for now. But dark clouds are massing...
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Covid-19: Coping strategies for APAC
Oil & Gas Asia PacificDuring the first half of April (2020) IJGlobal has been asking 10 project finance lenders and advisers across Asia Pacific financial hubs Sydney and Singapore, Beijing and Hong Kong about the impacts of Covid-19
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Central Penn Gas Pipeline, Pennyslvania
Oil & Gas North AmericaOne the last remaining publicly-listed renewable energy yield companies in the US, NextEra Energy Partners, made a major fossil fuel investment last year when it acquired a stake in the 185-mile Central Penn gas pipeline in Pennsylvania for $1.37 billion. The financing included tightly-priced term debt and a complex convertible equity deal
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Living in unprecedented times
Oil & Gas EuropeAt times like these – and there haven’t been any of those – it’s hard not to peer into the rear-view mirror to draw comparisons with yesteryear. However, that’s not possible in these unprecedented times… a term that’s already ageing badly… as coronavirus sweeps the planet
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Fundraising in the time of Covid-19
Oil & Gas EuropeThe novel Coronavirus is posing some challenges to the managers in raising mode. But the market is strong and resilient enough to face them
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Pipeline cyberattack highlights risk to energy infra
Oil & Gas North AmericaA hacking attack recently shut down an entire US gas pipeline asset for two days, underscoring concerns raised by experts and advocacy groups about the growing threat of cyberattacks in energy and other infrastructure sectors
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2020: Year of the debt fund?
Oil & Gas North AmericaWhile the gap between equity and debt fundraising was still wide in 2019, Q4 figures highlight a potentially new trend
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Banks eye "boring" construction loans for Mexican CCGTs
Oil & Gas Latin AmericaA flurry of tenders for gas-fired projects in Mexico may be good news for construction contractors, but the prevailing state-ownership model means project finance bankers will be left to scrap over "boring" construction loans rather than meaty project finance mandates
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Asia's first infra loan securitisation platform
Oil & Gas Asia PacificClifford Capital and Asian Infrastructure Investment Bank announced last month the establishment of Bayfront Infrastructure Management – a platform to mobilise institutional capital for infrastructure debt in Asia. IJGlobal spoke with both equity holders to learn more
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IJInvestor Awards 2019 Rising Star – Mounir Corm
Oil & Gas EuropeTalking to Mounir Corm, one immediately realises that you are dealing with someone whose interests and skills reach far beyond the financial universe
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Institutional investors bid high on LatAm infra
Oil & Gas Latin AmericaIn search of greater returns, institutional investors from all around the globe seem to be increasingly prepared to take on greater risk. One example of this is a rising appetite for direct investment in Latin American infrastructure, with 2019 figures being three times higher than the full previous year
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No, actually… it’s all about us!
Oil & Gas Asia PacificWhen we go out to meetings and dare to drop into the conversation the subject of awards nights, it can go either of two ways. Either they lean in, ears pricking up… or they peer at you through fingers, shaking heads vigorously
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Fund analysis: AMP Capital Infrastructure Debt Fund IV
Oil & Gas Asia PacificAs the interest for mezzanine strategies spreads among equity managers, AMP Capital has reinforced its reputation in this space by raising a total $6.2 billion on its latest vintage
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DFIs push ahead in Argentina
Oil & Gas Latin AmericaWhile the wider economy faces significant uncertainty, DFIs have continued to support energy and infrastructure projects in Argentina
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Another year older, another year…
Oil & Gas Asia PacificThere are certain things by which you can chart your life and it’s a little bit sad when it dawns on you that IJGlobal’s quarterly league tables have become a landmark for tracking the flow of years
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Change of focus for North American fund managers
Oil & Gas North AmericaWith large equity fund managers making their foray into the debt space, IJInvestor data shows the strategy is slowly gaining ground in the region
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China Infrastructure 2019 – an IJGlobal first
Oil & Gas Asia PacificIJGlobal was in Beijing at the end of August for client meetings and China Infrastructure 2019 – our first seminar in China with partners Roca Infrastructure Data and Analytics and the International Business Advisory Council