WASHINGTON, D.C. (Bloomberg) -- The World Bank’s private lending arm will help finance a $300 million LNG export project in Colombia as demand for the super-chilled fuel in Latin America is forecast to double over the next decade. The International Finance Corp. is leading a $240 million debt financing for the world’s first floating liquefaction plant to start operating in Colombia by mid-next year, Lance Crist, the IFC’s global head of oil and gas, said by telephone on July 9. The IFC will invest $75 million in the plant and the balance will be provided by other lenders in transactions expected to close “in the next several weeks,” he said.
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World Bank funds Colombia LNG plant as regional demand booms
![World Bank funds Colombia LNG plant as regional demand booms]()
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