Energy and Resources Financing

Energy and Natural Resources Financing: A Practical Handbook covers financing across the energy and natural resources spectrum, from upstream oil and gas, pipelines and liquefied natural gas through to refineries, and from conventional power and renewable energy to nuclear power and mining. It discusses the most important financing techniques, including reserve-based lending, project finance and high-yield bonds. This new book answers the need for a comprehensive guide for financing in these sectors and is written by leading practitioners from their position at the centre of transactions in this moving market. It provides invaluable insight into the challenges faced by modern practitioners and how these challenges are addressed against the backdrop of highly volatile oil, gas and other commodity prices, as well as the need to find ways of financing huge investment into renewables and nuclear energy necessary to control carbon emissions. The book is co-edited by oil and gas financing expert Huw Thomas and renewables and conventional power expert Antony Skinner. Contributions are made by leading practitioners from Milbank, Clifford Chance, Infrastructure Development Partnership, Arntzen de Besche and Ashurst. Energy and Natural Resources Financing in Practice is aimed at executives in energy and resources companies, as well as bankers and advisers involved in these sectors. The content and style is accessible to those who are new to these sectors, but the level of practical insight is valuable even to the most seasoned executives and professionals. This title is a useful introduction to these sectors and a day-to-day reference point for those working on transactions.

Contenu

Introduction 5 Antony Skinner Huw Thomas Ashurst LLP Reserve-based lending 7 Nick Ross-McCall Huw Thomas Ashurst LLP LNG 37 Nikhil Markanday Philip Thomson Ashurst LLP Project de-risking in financing oil and gas pipelines 53 Tom Dimitroff Infrastructure Development Partnership LLP Refinery and petrochemical projects 83 Clive Ransome Milbank, Tweed, Hadley & McCloy LLP Power and renewables projects 111 Nacim Bounouara Antony Skinner David Wadham Ashurst LLP Nuclear power 141 David Wadham Ashurst LLP Mining 157 Barry Irwin Allen & Overy LLP Peter Wilkes Allen & Overy High yield financings 183 Anna-Marie Slot Ashurst LLP Norwegian high yield bonds 197 Erlend B Bakken Geir Evenshaug Michelet & Co Hege Dahl Arntzen de Besche Advokatfirma AS Hedging 209 Kerion Ball Ashurst LLP Private equity 225 Anthony Martinez Clifford Chance LLP Export credit agencies 259 Clive Ransome Milbank, Tweed, Hadley & McCloy LLP About the authors 287