Shell to complete repayment of Idku liquefaction plant loan by end of 2017

shellRoyal Dutch Shell will complete repayment by December 2017 of the second tranche of a USD 2 bn loan issued to BG to build the Idku liquefaction plant, sources told Al Borsa. EGPC agreed to pay USD 480 mn of the first installment due to the Idku plant halting operations in 2012.

The Idku plant pays USD 200 mn in annual installments and requires around 22 shipments annually to become self-sufficient.

The government has allowed the plant to export around 200 mcf/d since September; the newspaper suggests the plant could ramp up to full operating capacity by 2020.

(Source: Enterprise.press)

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