Bpifrance has dropped out of the $11 billion ECA-covered debt package backing the Novatek-led Arctic LNG 2 scheme in Russia. Financial close is now expected early next year. Sponsored by Novatek, Total, China National Petroleum Corp, CNOOC and Mitsui-JOGMEC, the project, which will produce 19.8...
David Havlíček, CEO of EGAP, the Czech Republic’s export credit agency, discusses the fast evolution of the ECAs’ activity and the pilot plan with the European Investment Bank...
Europe drove overall export finance growth in 2025. But ECAs look set to up support to emerging markets.
The financial fallout from NewSat's failed Jabiru-1 satellite project financing could be stratospheric. Investors are claiming $1 billion or more in damages from banks as part of an ongoing lawsuit – but why did lenders and ECAs struggle to find a default cure?
David Havlíček, CEO of EGAP, the Czech Republic’s export credit agency, discusses the fast evolution of the ECAs’ activity and the pilot plan with the European Investment Bank that could help boost ECA capacity. Could it scale? He also discusses the extension of guarantee coverage to local suppliers in domestic projects that will facilitate nuclear infrastructure in particular. Hear more when EGAP hosts our global event in Prague in June.
Europe drove overall export finance growth in 2025. But ECAs look set to up support to emerging markets.
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