U.S. supports gas equipment exports to Trinidad and Tobago

Markets

Tuesday, November 27, 2012

The U.S. Export-Import Bank approved a $37.6 million direct loan to support exports by McDermott International Inc. and five American suppliers of natural gas compression equipment and technology for a U.K. energy project off the coast of Trinidad and Tobago. The bank's financing will support about 350 jobs in Texas, California, and Louisiana, according to bank estimates derived from Commerce and Labor department data. "In a complex gas production project like this, U....

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