Eversheds Sutherland LNG Law Blog
content top

Exelon Generation to Acquire Everett LNG Import Terminal

Exelon Generation announced an agreement to purchase ENGIE North America’s Everett Marine Terminal, also known as the Distrigas Terminal, an LNG import terminal located in Boston, Mass.  According to the press release, the purchase is meant to ensure the continued reliable supply of fuel to Exelon Generations’ Mystic Units 8 and 9 while they remain operating.  Transaction closure is...

Bank of China and Goldman Sachs to Help Raise Funds for Alaska LNG Project

Last week, the Alaska Gasline Development Corporation (AGDC) announced that it has engaged Bank of China Limited (Bank of China) and Goldman Sachs & Co. LLC (Goldman Sachs) to serve as lead global capital coordinators for AGDC’s Alaska LNG project. Bank of China and Goldman Sachs will assist AGDC with raising equity and debt financing for the continued development of the Alaska LNG...

Petronas Cancels B.C. LNG Terminal Project

Malaysian state oil and gas company Petronas released a statement that it and its partners “have decided not to proceed with the Pacific NorthWest LNG project at Port Edward in British Columbia [B.C.], Canada.”   According to the statement, the decision “was made after a careful and total review of the project amid changes in market conditions.”  Read more in the Reuters article....

Venture Global Secures Additional Funding

Venture Global LNG, Inc. (“Venture Global”) announced that it has raised additional capital of approximately $81.4 million in its sixth round of equity investment, bringing the company’s funding total to $361 million. Venture Global is developing the proposed Venture Global Plaquemines LNG, LLC export terminal on the Mississippi River in Plaquemines Parish, La., and the proposed...

NextDecade to Become Public Company After Merger

Privately held NextDecade, LLC (NextDecade) and Harmony Merger Corp. (Harmony) announced that they have signed a definitive agreement for a business combination transaction which would result in NextDecade becoming a publicly listed company.  NextDecade is the sponsor of the proposed Rio Grande LNG export terminal project located in Brownsville, Texas, and interconnected pipeline. ...

NextDecade May Become Public Company

Harmony Merger Corp. (Harmony) and privately held NextDecade, LLC (NextDecade) have announced that they have executed a non-binding letter of intent for a business combination transaction which would result in NextDecade becoming a publicly listed company.  NextDecade is the sponsor of the proposed Rio Grande LNG export terminal project located in Brownsville, Texas, and interconnected...

« Older Entries