Debt financing in the midstream oil and gas market

The global recession and market downturn has had a dramatic effect on the mid and downstream oil and gas markets, including refineries, oil terminals, pipelines and LNG. Participants in these sectors have had to re-examine every aspect of how they operate and fund themselves. With respect to the outlook for bank financing in the midstream sector, Bora Bariman, Associate Director, UK Oil & Gas, Lloyds Banking Group, examines sector dynamics, developments in the debt financing environment and repercussions for financial structures over the next few years.