Credit Suisse project finance loan for World GTL and Petrotrin

Securing financing for gas-to-liquids (GTL) projects is no easy feat, especially as many of the major projects worldwide face delays, cancellations and spiralling costs. For World GTL, securing project finance for its 40-year 2,400 barrel-per-day venture with Petroleum Company of Trinidad and Tobago (Petrotrin) at the existing Pointe-a-Pierre plant - the first GTL plant in the western hemisphere - was vital.

World GTL develops small-scale projects through joint ventures with state oil companies.