PROJECT

Projects

Summary of Investment Information

Project Number

36113

Company Name

ENGIE SA

Date SPI Disclosed

Nov 19, 2015

Country

World Region

Region

Global

Projected Board Date

Dec 17, 2015

Environmental Category

B - Limited

Status

Pending Signing

Last Updated Date

Nov 30, 2016

Department

Global Trade & Supply Chain

Industry

Financial Markets

Previous Events

Approved : Dec 17, 2015

Sector

Commercial Banking - Trade and Supply Chain

Project Description

The proposed project consists of up to one year trade finance facility of up to US$200 million (“Facility”), to cover importation of natural gas to Ukraine during the winter season of 2015-2016 by the state-owned National Joint Stock Company Naftogaz of Ukraine (“Naftogaz”). The Facility will be used to finance the deliveries of ENGIE, major European supplier of natural gas, under their natural gas supply framework contract with Naftogaz.

The Facility would provide support to a vitally important industry in the country by contributing to the supply of energy, essential for the functioning of the economy, industrial companies, utilities, and for the well-being and protection of residential customers.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation