EDC finances Russia gas tech purchase

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05 March 2010

Export Development Canada is providing a $48 million loan to Russia’s Gazprombank to finance the purchase of equipment to capture and process flared gas.

Export Development Canada is providing a $48 million loan to Russia’s Gazprombank to finance the purchase of equipment to capture and process flared gas. The equipment is being sourced from Edmonton-based Thermo Design Engineering Ltd (TDE).

As EDC’s...

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Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%

33%

50% to 75%

30%

25% to 50%

25% or less

10%

I don’t use private credit insurers

18%