(MENAFN) The Qatar Liquefied Gas Company Limited (4) (Qatargas 4) announced that it has signed agreements securing loans and letters of credit to finance the Qatargas 4 LNG project, The Peninsula reported. Qatargas 4 is a joint venture between wholly-owned subsidiaries of Qatar Petroleum (QP), with 70 percent, and Royal Dutch Shell (Shell) with a 30 percent stake. The project will sell 7.8 million tons per annum of liquefied natural gas (LNG) to a wholly-owned subsidiary of Shell for export primarily into the North American gas market. The total amount of financing raised for the project has exceeded $4 billion which is the second-largest project financing raised for QP projects after Qatargas 2. The financing consists of different facilities provided by 30 international, regional and Qatari banks. It also includes a co-financing facility provided by a wholly-owned subsidiary of Shell. All the facilities have a maturity of 15.5 years.