Exmar, ICBC ink FLNG financing deal

Exmar of Belgium said it has signed a US$200 million financing agreement with Chinese bank ICBC for a floating liquefaction and storage unit (FLNG).

The deal was signed on June 23rd by Jiang Jianqing, Chairman of Board of ICBC and Nicolas Saverys, CEO of Exmar. King Philippe of Belgium and President of China Xi Jinping were also present at the ceremony.

According to a statement by Exmar, this project is China’s biggest exporting project to Belgium in terms of contract value up to now, and also the highest technology project.

The floating liquefaction and storage unit, ordered by Exmar, will be serving a gas project for Colombia’s Pacific Rubiales Energy.

LNG World News Staff; Image: Exmar