YPF seeks new partner for USD 10bn LNG plant as Petronas is rumored to leave project
Top highlights of the week driven by REDD's recognised team of journalists and analysts.
Highlights of the week:
REDD LATAM: YPF seeks new partner for USD 10bn LNG plant as Petronas is rumored to leave project
Petronas and YPF have signed more than a year ago a memorandum of understanding to build an LNG export terminal that will help boost the exports of the product in hashtag#Argentina .
REDD has been closely following the details of this partnership, including the controversy around the location of the terminal. After President Javier Milei pressured to have the terminal built in the province of Rio Negro instead of Buenos Aires to avoid trading talks with his political enemy, Governor Axel Kiciloff, Petronas is rumored to be leaving the project. The Malasyan company is not satisfied with the course of action of YPF, which is welcoming other producers to be part of the terminal.
REDD ASIA: Shapoorji Pallonji Group’s (SP Group) unit Goswami Infratech’s discussions with investors to raise INR 21.2bn (USD 253m) to pay an accrued premium
REDD Intelligence exclusively reported on Shapoorji Pallonji Group’s (SP Group) unit Goswami Infratech’s discussions with investors to raise INR 21.2bn (USD 253m) to pay an accrued premium and withholding tax on the existing INR 143bn (USD 1.7bn) non-convertible debentures issued previously by Goswami.
The report also detailed the group’s negotiations with holders of its existing bond on waivers on certain covenants.
SP Group is arguably one of the largest private credit opportunities in India, and REDD’s team of reporters and analysts break down the fine print to give readers news and analysis that is both precise and timely.
REDD CEEMEA: Gabonese officials set to host international investors in Gabon next week
Investors are set to visit Gabon next week on a trip organized by Jefferies in what would be one of the first investor meetings with financial authorities?following a 15-point drop in?the sovereign bond price between April and August this year.
The planned?visit attracted significant investor interest due to?limited communication from the Gabonese authorities and given Gabon's?challenging fiscal position, REDD's Giovanni Riva and Yulianna Vilkos report.
With global oil prices down by more than 20% over the past year, the African oil producer's debt dynamics will likely remain a key focus in frontier markets space.
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