Ex-Im Bank Approves $37.6 Million to Finance Export of Gas Compression to Trinidad and Tobago
The Export-Import Bank of the U.S. approved a $37.6 million direct loan to support exports by McDermott International Inc. and give American suppliers of natural gas compression equipment and technology for a U.K. energy project off the coast of Trinidad…
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and Tobago. Under the loan terms, the bank will support exports of U.S.-only goods and services to a $150 million project to build and install and gas compression system on the existing Hibiscus Platform off the Northern coast of Trinidad. McDermott International Inc. will provide engineering, equipment procurement, nit fabrication, transportation, heavy lift and installation, Five U.S. suppliers will make or provide components, for the project: SOLAR Turbines (San Diego, CA); Hudson Products Corporation (Sugarland, TX); AWC Inc. (Houston, TX); Gulfex Inc. (Houston, TX); and Point Eight Power (Belle Chasse, LA).