Gazprom Wants Piece of Gros-Cacouna Terminal
Posted on Dec 6, 2006 in Financing, Markets and Competition, Regas Terminals & Capacity | Comments Off on Gazprom Wants Piece of Gros-Cacouna Terminal
Petro-Canada may have to allow Gazprom to invest in its proposed $500-million Gros-Cacouna LNG terminal if it wants to secure supply from Gazprom’s planned Baltic liquefaction facility near St. Petersburg, according to Alexander Medvedev, Gazprom’s deputy chairman. The Globe and Mail reports that Petro-Canada is banking on supply from the Baltic project for its terminal in...
Sabine Pass LNG Closes Senior Notes Offering
Posted on Nov 10, 2006 in Financing, Regas Terminals & Capacity | Comments Off on Sabine Pass LNG Closes Senior Notes Offering
Cheniere Energy, Inc. has announced that Sabine Pass LNG, L.P., Cheniere’s wholly-owned subsidiary, successfully sold $2.032 billion in senior secured notes to pay down existing debt, cover interest payments and transaction costs, and finance completion of Phase 1 and Phase 2-Stage 1 of the Sabine Pass LNG...
Developers Seek $715 Million Loan to Construct Canaport LNG Terminal
Posted on Nov 9, 2006 in Canada & Mexico, Financing, Regas Terminals & Capacity | Comments Off on Developers Seek $715 Million Loan to Construct Canaport LNG Terminal
Bloomberg reports that Irving Oil and Repsol are trying to arrange a $715 million loan to help finance the jointly-developed Canaport LNG terminal in Saint John, New Brunswick.
Research Firm Recommends Investment in Companies with Established LNG Assets
Posted on Oct 25, 2006 in Financing, Markets and Competition, Regas Terminals & Capacity | Comments Off on Research Firm Recommends Investment in Companies with Established LNG Assets
Morningstar indicates that higher than average natural gas storage supplies, prompted by last year’s mild winter and a relatively quiet hurricane season, have led to lower natural gas prices, creating favorable opportunities for energy stock investors. Among these opportunities, the financial research firm notes that companies with completed LNG terminals or projects...
Cheniere to Float Notes to Fund Sabine Pass
Posted on Oct 24, 2006 in Financing | Comments Off on Cheniere to Float Notes to Fund Sabine Pass
Cheniere Energy, Inc., announced plans to float $2.15 billion in notes, to cover and extend its existing financing on the Sabine Pass LNG terminal in Louisiana. Part of these notes will cover the $1.5 billion Cheniere has already secured. The Houston Chronicle has the...
Cheniere Secures Financing for Sabine Pass Terminal Expansion
Posted on Jul 25, 2006 in Financing, Regas Terminals & Capacity | Comments Off on Cheniere Secures Financing for Sabine Pass Terminal Expansion
Yesterday’s Platts LNG Daily reports that Cheniere has obtained financing for the expansion of its Sabine Pass LNG terminal in Cameron Parish, La., closing a $1.5 billion secured credit facility. In a press statement released Friday, Cheniere also said that it issued engineering, procurement and construction contracts to various firms. [Access to Platts LNG Daily...