Equity & debt financing
Commercial and market analysis supporting a consortium of leading LNG lenders financing development of a major North American LNG export project. Timera assessed global LNG fundamentals, project competitiveness, revenue resilience and key downside risks to support lender diligence and credit decisions.
View our challenge, solution and results
Client Challenge
A consortium of leading LNG lenders required an independent assessment of a large new North American LNG export project, including whether its offtake structure, portfolio exposures and projected margins were sufficiently robust to support FID and long-term financing.
Our Solution
Timera defined the project's key portfolio and contract value drivers, developed a long-term lender market scenario and modelled the project in LNG Bridge. We tested contracted vs merchant exposure, intrinsic and flexibility value, margin downside and key sensitivities, with particular focus on offtake structure and risk allocation.
Result
Our analysis gave lenders a defensible view of project economics, downside resilience and the strength of the offtake structure, supporting credit assessment and the wider financing process.