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Freeport LNG Closes on Financing for First Two Liquefaction Trains; Issues Notice to Proceed with Construction

Today, Freeport LNG Expansion, L.P., (Freeport LNG) announced that its subsidiaries, FLNG Liquefaction, LLC, and FLNG Liquefaction 2, LLC, successfully closed on debt and equity financing commitments of approximately $11 billion required for the development of the first two liquefaction trains at Freeport LNG’s proposed LNG export terminal on Quintana Island near Freeport, Texas. ...

Cheniere Announces Funding for Corpus Christi LNG Export Terminal

Cheniere Energy announced that it has entered into two separate agreements related to the funding of its affiliate Corpus Christi Liquefaction’s LNG export terminal and interconnected pipeline projects.  One agreement would provide for $1.0 billion in funding and the other would provide $1.5 billion for the projects’...

Pemex Seeks Partners for Proposed West Coast LNG Export Terminal

The Wall Street Journal [subscription required] reports that Mexican state-owned oil company Pemex has announced that it is seeking financial partners to develop an LNG export terminal on Mexico’s west coast to export gas produced from the Gulf of...

Freeport LNG Enters Into Definitive Agreements for Train 1 Financing

Freeport LNG Expansion, L.P. (Freeport LNG) today announced that its subsidiary, FLNG Liquefaction, LLC, has entered into definitive agreements with Japan Bank for International Cooperation and six commercial banks for the debt financing of approximately $3.85 billion for the development of Train 1 of Freeport LNG’s proposed liquefaction and LNG export terminal on Quintana Island near...

Freeport LNG Anticipates Public Offering

Bloomberg reports that Michael Smith, CEO of Freeport LNG Development LP, recently said that he anticipates an initial public offering of the company “at some phase during the construction of the [Freeport LNG export terminal].”  The article notes that Freeport LNG would be the second company with an LNG export terminal to go public, joining Cheniere...

Cameron LNG Export Project Receives Final Investment Approval

Sempra Energy announced that a final investment decision for the development, construction and operation of the proposed Cameron LNG export project in Hackberry, La. has been approved by the project sponsors, Sempra LNG, GDF SUEZ S.A., Mitsui & Co., Ltd. and Mitsubishi Corporation.  The project entity, Cameron LNG, LLC, has obtained financing commitments for the project amounting...

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