Tellurian Announces New Financing, Reduction of Term Loan
Posted on May 4, 2020 in Financing, Liquefaction, LNG Exports | Comments Off on Tellurian Announces New Financing, Reduction of Term Loan
Tellurian Inc., sponsor of the proposed Driftwood LNG liquefaction and export terminal in Calcasieu Parish, La., announced that it has executed an agreement to sell $56 million of zero coupon, unsecured notes for gross proceeds of $50 million and provide the lender with warrants to purchase up to 20 million shares of Tellurian common stock, subject to customary closing conditions. The...
Shell Plans Exit From Proposed Lake Charles LNG Export Project
Posted on Mar 30, 2020 in Financing, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Shell Plans Exit From Proposed Lake Charles LNG Export Project
Shell announced that “[g]iven current market conditions . . . it will not proceed with an equity interest in the proposed Lake Charles LNG [export] project.” Energy Transfer will take over as the project developer. The press release states that “Lake Charles LNG is a proposed 50/50 project between Shell and Energy Transfer that seeks to convert Energy Transfer’s...
Dominion Energy Sells 25% Interest in Dominion Cove Point LNG
Posted on Oct 23, 2019 in Financing, Liquefaction, LNG Exports | Comments Off on Dominion Energy Sells 25% Interest in Dominion Cove Point LNG
Dominion Energy, Inc. (“Dominion Energy”) announced that it has entered into an agreement with Brookfield Super-Core Infrastructure Partners, an infrastructure fund managed by Brookfield Asset Management Inc. (“Brookfield”), whereby Dominion Energy will transfer a 25% non-controlling equity interest in Dominion Energy Cove Point LNG, LP (“Cove Point”) to Brookfield in exchange for cash...
Venture Global LNG Announces FID and Financial Close for Calcasieu Pass LNG
Posted on Aug 20, 2019 in Financing, Liquefaction, LNG Exports | Comments Off on 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
Posted on Jul 23, 2019 in Financing, Liquefaction, LNG Exports | Comments Off on 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
Posted on Jul 12, 2019 in Financing, Liquefaction, LNG Exports | Comments Off on 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...