Still not attracting enough funds to maintain production

Authors :: van Gils, Ben
Source :: Gas World International. Oct, 1994, Vol. 199 Issue 4908, pS20, 2 p.
Publication Year :: 1994
Abstract: The former Soviet Union (FSU) badly needs economic assistance to boost its energy investments but has not been able to attract the necessary funds so far. Equity financing is not yet fully developed in the region, leaving third-party loan funds as the main source of major funds. Some of the energy loans that have been obtained have been secured through institutions such as EximBank and the European Bank for Reconstruction and Development. The FSU needs approximately $20-25 billion just to maintain its current energy production levels<br />Ben van Gils, partner and head of energy services at Moret Ernst & Young in the Netherlands, reviews the energy funding needs of the FSU. He finds that lending remains [...]