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The U.S. Export-Import Bank has approved $526 million in project financing to support U.S. exports for gas field development supporting Qatar's Ras Laffan and Qatargas liquefied natural gas projects.
The development projects involve supergiant North gas field off Qatar and will entail exports from a number of U.S. firms, including primary contractors M.W. Kellogg and McDermott Engineering.
The bank approved $464 million in financing supporting U.S. exports to Ras Laffan Liquefied Natural Gas Co. Ltd. to build, own, and operate offshore and onshore facilities in North field. Ras Laffan will process North gas for its LNG export project.
Ras Laffan …