Venture Global LNG Closes Additional $55 Million Funding Deal
Posted on May 5, 2016 in Financing, Liquefaction, LNG Exports | Comments Off on Venture Global LNG Closes Additional $55 Million Funding Deal
Venture Global LNG, Inc. (Venture) announced the successful closing of its fourth round of equity investments to fund its proposed liquefaction and LNG export terminal on the Mississippi River in Plaquemines Parish, La. According to the press release, the “round also is notable for adding to the group of high profile, very large institutional investors in the company.” The fourth round...
Cheniere Seeks to Refinance LNG Import Terminal
Posted on Jan 26, 2016 in Financing, Liquefaction, LNG Exports, Markets and Competition, Regas Terminals & Capacity | Comments Off on Cheniere Seeks to Refinance LNG Import Terminal
Bloomberg reports that Cheniere Energy is seeking to refinance $2.1 billion it owes on its Sabine Pass LNG import terminal facilities in Cameron Parish, La. The import terminal came on-line in 2008-2009, just as American shale gas supplies entering the U.S. gas market caused gas prices to drop to a 16-year low of $1.68/MMBtu. According to the report, the Sabine Pass LNG terminal has...
Alaska Gasline Development Corporation Acquires TransCanada’s Interests in the Alaska LNG Export Project
Posted on Nov 23, 2015 in Financing, Liquefaction, LNG Exports, Pipelines, State and Local Issues | Comments Off on Alaska Gasline Development Corporation Acquires TransCanada’s Interests in the Alaska LNG Export Project
The Alaska Gasline Development Corporation’s (AGDC) board of directors has accepted the conveyance of TransCanada’s interests in the Alaska LNG export project and authorized a payment of $64.6 million to TransCanada for those interests. According to the press release, “AGDC already holds the State of Alaska’s equity interest in the Alaska LNG project’s liquefaction facility planned...
Next Decade LLC Enlists Financial Advisor
Posted on Aug 5, 2015 in Financing, Liquefaction, LNG Exports | Comments Off on Next Decade LLC Enlists Financial Advisor
Next Decade LLC announced that it has engaged Sumitomo Mitsui Banking Corporation (SMBC) as Financial Advisor and Mandated Lead Arranger for its proposed Rio Grande LNG export terminal in Brownsville, Texas. According to the press release, SMBC, which has extensive experience in financing LNG projects worldwide, will be responsible for securing debt financing for the Rio Grande LNG...
Cheniere Announces Funding and Notice to Proceed with Sabine Pass LNG Train 5 Construction
Posted on Jul 1, 2015 in Financing, Liquefaction, LNG Exports | Comments Off on Cheniere Announces Funding and Notice to Proceed with Sabine Pass LNG Train 5 Construction
Cheniere Energy announced that Sabine Pass Liquefaction, LLC (SPL) “has engaged 18 financial institutions to act as Joint Lead Arrangers to assist in the structuring and arranging of up to approximately $5.8 billion of debt facilities, including approximately $4.6 billion of credit facilities and an approximately $1.2 billion revolving credit facility.” According to the press...
Enbridge Buys Stake in Delfin LNG Offshore Terminal
Posted on Jul 1, 2015 in Financing, Liquefaction, LNG Exports | Comments Off on Enbridge Buys Stake in Delfin LNG Offshore Terminal
Today, Fairwood Peninsula Energy Corp (Fairwood LNG) announced that Enbridge, Inc., has purchased a 5% equity investment in Fairwood LNG and has entered into a Joint Development Agreement with Fairwood LNG to assist in the development of offshore LNG facilities in the Gulf of Mexico. Fairwood LNG is the parent company and 100%-owner of Delfin LNG LLC, which is proposing to construct a...