01712nmc a2200229 4500 20260520005700.0 260224s xxu CD W938 1 0013960 Hodge, Stephen M.G. 10245 Shell 1183 World Petroleum Congress (16th. : 2000 jun. 11-15 : Calgary, Alberta, Canada) 34 WPC (16th.) Financing major projects A corporate perspective 12/09/06 ; 26/08/2003 5 p. Resumen del autor, extraído del trabajo. The last few years have seen great changes in the project finance markets and this speech sets out the implications for developing oil and gas projects from the perspective of major project sponsor. Given that raising project finance is already recognised as a complex and costly exercise, the current state of the markets means that only strong projects with hard currency revenues will attract project finance. Consequently, the ability of sponsors to utilise their own balance sheet to develop projects remains a commercial advantage. The importance of gas projects is highlighted as a means of achieving the emissions targets agreed at the Kyoto summit, but the length of the gas project chains that can include links in developing countries poses two specific challenges for project financiers. Namely to develop structures that overcome lenders' concerns whilst maintaining the attraction for sponsors, and that also reduce country risk where it is perceived to be a barrier to project finance. Shell 1183 v. 5, p. 224 Hodge, Stephen M.G. 10245 CONGTP 133721 133721 0 0 0 0 204640 BAAB BAAB CD W938 1 0013960 2026-03-04 200006272 0 CD W938 1 0013960 200006272 2026-03-04 14:03:42 2026-03-04 ARCHIVO