000			01712nmc a2200229 4500
005			20260520005700.0
008			260224s xxu
082			_aCD W938 1 0013960
100	1		_aHodge, Stephen M.G. _910245
110	2		_aShell _91183
111	2		_aWorld Petroleum Congress (16th. : 2000 jun. 11-15 : Calgary, Alberta, Canada) _934
210			_aWPC (16th.)
245	0	0	_aFinancing major projects _bA corporate perspective
270			_a12/09/06 ; 26/08/2003
300			_a5 p.
520			_aResumen 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.
710	2		_aShell _91183
773			_gv. 5, p. 224
800	1		_aHodge, Stephen M.G. _910245
942			_cCONGTP
999			_c133721 _d133721