PFI Deal of the Year 2018
Energean was awarded the Project Finance International Oil & Gas Deal of the Year 2018 for Middle East & Africa on Wednesday, February 6, 2019 in London.
The US$1,275 billion Senior Credit Facility was led by Morgan Stanley, Natixis, Bank Hapo'alim and Societe Generale.
Energean was represented at the ceremony by the Group CEO Mathios Rigas, Group CFO Panos Benos, Group Chief Growth Officer Dr. Steve Moore, EPCiC Project Director Vince Reboul Salze, Head of Corporate Finance Maria Martin, and Israel Financial Manager Shlomi Levi.
Panos Benos, Energean Chief Financial Officer, commented: “We are proud to share this important moment with our partners at Morgan Stanley, Natixis, Bank Hapo’alim, and Societe Generale, who led the financing of the Karish Tanin project. We expect the gas from Karish Tanin to start flowing to the Israeli market in 2021”.
The Facility Agreement is the primary source of funding for the development of the Karish offshore gas field.