Venture Global LNG Announces Additional $160 Million in Funding
Posted on Aug 20, 2018 in Financing, Liquefaction, LNG Exports | Comments Off on Venture Global LNG Announces Additional $160 Million in Funding
Venture Global LNG, Inc. announced that it has raised additional private capital of approximately $160 million, bringing funding to a total of $630 million to support the development of both the proposed 10 million tonnes per annum (MTPA) Calcasieu Pass liquefaction and export terminal on the Gulf of Mexico and the proposed 20 MTPA Plaquemines LNG liquefaction and export terminal on...
Pieridae Energy in Talks to Sell Goldboro LNG Supplies to Swiss Utility
Posted on Aug 20, 2018 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Pieridae Energy in Talks to Sell Goldboro LNG Supplies to Swiss Utility
Reuters reports that Pieridae Energy, sponsor of the proposed Goldboro LNG terminal in Nova Scotia, is negotiating with Swiss energy company Axpo for a 10-year LNG supply deal. Axpo would buy the LNG from Goldboro’s second train for sales across Europe, with deliveries estimated to begin in the third quarter of...
DOE Releases U.S. LNG Export Data for June 2018
Posted on Aug 15, 2018 in Federal Regulation, Liquefaction, LNG Exports | Comments Off on DOE Releases U.S. LNG Export Data for June 2018
The U.S. Department of Energy (DOE) has released data on U.S. LNG exports covering year to date through June 2018. The data shows the following LNG export shipments from the Dominion Energy Cove Point Terminal in Lusby, Md., which began LNG exporting in March 2018: six shipments to Japan, two each to Jordan and Kuwait, and one each to Argentina, Dominican Republic, Mexico, Pakistan,...
NextDecade Sells $50 Million in Convertible Stock
Posted on Aug 8, 2018 in Financing, Liquefaction, LNG Exports | Comments Off on NextDecade Sells $50 Million in Convertible Stock
NextDecade Corporation (NextDecade) announced that it has agreed to sell $50 million of convertible preferred stock: $35 million worth to HGC NEXT INV, LLC and $15 million worth to funds and accounts managed by each of York Capital Management Global Advisors, LLC and its affiliates, Valinor Management, L.P., and Halcyon Capital Management LP. According to the press release, NextDecade...
DOE Resets Jordan Cove LNG Export Start Date
Posted on Jul 31, 2018 in Federal Regulation, LNG Exports | Comments Off on DOE Resets Jordan Cove LNG Export Start Date
The U.S. Department of Energy (DOE) has issued an order granting Jordan Cove Energy Project’s (JCEP) request to amend its existing authority to export LNG to nations with a Free Trade Agreement with the United States from its proposed LNG terminal at Coos Bay, Ore. The order resets the date by which LNG exports must commence from December 7, 2021 to July 20, 2028, and lowers the...