Eversheds Sutherland LNG Law Blog
content top

Venture Global LNG Announces FID and Financial Close for Calcasieu Pass LNG

Venture Global LNG, Inc. announced the final investment decision (FID) and closing of the project financing for the company’s Calcasieu Pass LNG facility and associated TransCameron pipeline in Cameron Parish, La. According to the press release, “[t]he proceeds of the debt and equity financing fully fund the balance of the construction and commissioning of Calcasieu Pass. Full...

Venture Global Obtains $10 Billion in Binding Commitments for its $5.8 Billion Calcasieu Pass LNG Project

Venture Global LNG, Inc. announced that it has received over $10 billion in binding commitments for construction financing of its proposed $5.8 billion Calcasieu Pass LNG terminal in Cameron Parish, La. According to the press release, “the transaction is nearly two times oversubscribed, prior to retail syndication. The proceeds of the construction financing, along with the equity...

Total and Tellurian Finalize Driftwood Equity Investment and LNG Purchase Agreements

Tellurian Inc. (Tellurian) announced that it has entered into definitive agreements with Total Delaware, Inc. (Total) and Total Gas & Power North America, Inc. (Total Gas & Power), subsidiaries of Total S.A., for Total Gas & Power to purchase one million tonnes per annum (mtpa) of LNG from the proposed Driftwood LNG terminal (Driftwood) in Calcasieu Parish, La., and for...

Venture Global LNG Raises $675 Million of Additional Capital for Plaquemines LNG Project

Venture Global LNG, Inc. announced that it has raised $675 million of additional capital which will be used primarily for the further development of the company’s proposed 20 million tonnes per annum Plaquemines LNG export project in Plaquemines Parish, La. According to the press release, “[i]n addition to the $855 million of capital previously raised at Venture Global LNG and the $1.3...

Stonepeak Signs Agreement For $1.3 Billion Equity Investment in Venture Global’s Calcasieu Pass LNG Project

Venture Global LNG, Inc. (Venture Global) and Stonepeak Infrastructure Partners (Stonepeak) jointly announced that “they have executed definitive agreements under which Stonepeak will exclusively provide a $1.3 billion equity investment” in Venture Global’s 10 million tonnes per annum (MTPA) Calcasieu Pass LNG export facility under construction in Cameron Parish, La. According to the...

Total and Tellurian Sign LNG Agreements

Total S.A. announced that it has signed a series of agreements with Tellurian, Inc. “strengthening the partnership between the two companies to develop the Driftwood LNG project” located in Calcasieu Parish, La. According to the press release, the agreements include: • A Heads of Agreement (HoA) upon which Total will invest in Driftwood Holdings and will offtake 2.5 million tons per...

« Older Entries