Eversheds Sutherland LNG Law Blog
content top

LNG Limited Raises A$28.2 Million For Magnolia LNG Offtake Marketing Efforts

Australian company Liquefied Natural Gas Limited (LNGL) has announced that it has entered into a binding subscription agreement with IDG Energy Investment Group Limited for a Share Placement which will raise gross proceeds of A$28.2 million. According to the press release, following the close of the Share Placement, IDG Energy Investment will hold a 9.9% interest in LNGL. Net proceeds...

Petronas Buys 25% Share of LNG Canada Project

LNG Canada has announced that Malaysia’s state-owned oil and gas company Petronas, through its wholly-owned entity, the North Montney LNG Limited Partnership, is buying a 25% share in LNG Canada’s proposed LNG export project at Kitimat, British Columbia.  Once the deal is completed, LNG Canada’s ownership interests will be Shell at 40%, Petronas at 25%, PetroChina at 15%, Diamond LNG...

Corpus Christi Holdings Seeks Additional Credit

Cheniere Energy, Inc. subsidiary Cheniere Corpus Christi Holdings, LLC (Corpus Christi Holdings) has engaged several financial institutions to act as Joint Lead Arrangers to structure and upsize its existing approximately $4.6 billion of credit facilities to $6.4 billion. According to the press release, the credit facilities will be used to fund a portion of the costs of developing,...

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....

« Older Entries