Equatorial Guinea: Ophir turns to alternative Fortuna funder

Ophir Energy said on 18 December it is turning to an alternative funding source for the Fortuna liquefied natural gas project after failing to secure a deal with a consortium of three Chinese banks. Ophir said it was prioritising a solution that would see “a leading Asian bank” provide funding of up to $1.2bn on similar commercial terms to those agreed earlier this year with the Chinese consortium