Venture Global LNG Announces Additional $160 Million in Funding
Posted on Aug 20, 2018 in Financing, Liquefaction, LNG Exports | Comments Off on Venture Global LNG Announces Additional $160 Million in Funding
Venture Global LNG, Inc. announced that it has raised additional private capital of approximately $160 million, bringing funding to a total of $630 million to support the development of both the proposed 10 million tonnes per annum (MTPA) Calcasieu Pass liquefaction and export terminal on the Gulf of Mexico and the proposed 20 MTPA Plaquemines LNG liquefaction and export terminal on...
NextDecade Sells $50 Million in Convertible Stock
Posted on Aug 8, 2018 in Financing, Liquefaction, LNG Exports | Comments Off on NextDecade Sells $50 Million in Convertible Stock
NextDecade Corporation (NextDecade) announced that it has agreed to sell $50 million of convertible preferred stock: $35 million worth to HGC NEXT INV, LLC and $15 million worth to funds and accounts managed by each of York Capital Management Global Advisors, LLC and its affiliates, Valinor Management, L.P., and Halcyon Capital Management LP. According to the press release, NextDecade...
Woodside Petroleum Backs Out of Port Arthur LNG Project
Posted on Jul 19, 2018 in Financing, Liquefaction, LNG Exports | Comments Off on Woodside Petroleum Backs Out of Port Arthur LNG Project
Bloomberg reports that Woodside Petroleum Ltd. has announced that it will not participate in the development of Sempra Energy’s proposed Port Arthur LNG liquefaction facility and export terminal in Port Arthur, Texas. Woodside Chief Executive Officer Peter Coleman is quoted as saying, “[i]t got to a point where it got below our investment returns and we said we need to put our money...
LNG Limited Raises A$28.2 Million For Magnolia LNG Offtake Marketing Efforts
Posted on Jun 5, 2018 in Financing, Liquefaction, LNG Exports | Comments Off on 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
Posted on May 31, 2018 in Canada & Mexico, Financing, Liquefaction, LNG Exports | Comments Off on 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
Posted on Apr 24, 2018 in Financing, Liquefaction, LNG Exports | Comments Off on 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,...