Qatar Petroleum (QP) is planning its first ever U.S. dollar-denominated public international bond sale, two sources said, the latest Gulf energy giant to tap debt markets in an age of lower energy prices.
The world’s top liquefied natural gas (LNG) supplier sent banks a request for proposals for the planned debt sale in the last few weeks, the sources said, with one of them adding it will likely raise billions of dollars.
“It will be a big deal,” the source said.
QP, which did not immediately respond to a request for comment, plans to vastly expand its capacity in coming years.
The company said last month it would take full ownership of its Qatargas 1 LNG plant, the country’s first, when its 25-year contract with international investors including Exxon Mobil Corp and Total SE expires next year.
No comments:
Post a Comment