Greece’s Energean Oil & Gas announced on March 5 that Energean Israel has signed a secured Senior Credit Facility of up to $1.275 billion with Morgan Stanley, Natixis, Bank Hapoalim, and Societe Generale as Mandated Lead Arrangers (MLAs). According to Energean, the Facility Agreement will be the primary source of funding for the development of the Karish offshore gas field over the next three years, with first gas production expected in early 2021. Source: New Europe
North and South Korea and the U.N. Command agreed on Monday to withdraw firearms and guard posts in the demilitarized zone village of Panmunjom this week, Seoul’s defense ministry said, the latest move in a fast-improving relationship. Source: Reuters
Southeast Asia is seeing a boom in foreign direct investment as the intensifying trade war between the U.S. and China prompts companies to shift production to the region. Source: Bloomberg
President Donald Trump said Washington will exit the Cold-War era treaty that eliminated a class of nuclear weapons due to Russian violations, triggering a warning of retaliatory measures from Moscow. Source: Cyprus Mail
