Stonepeak to Provide $660 Million in Equity Financing for Magnolia LNG Project
Posted on Jul 29, 2013 in Financing, LNG Exports | Comments Off on Stonepeak to Provide $660 Million in Equity Financing for Magnolia LNG Project
Liquefied Natural Gas Limited announced that it has entered into a Project Development Cooperation and Equity Term Sheet with Stonepeak Partners LP under which Stonepeak will provide 100% of the project equity financing, approximately $660 million, for construction and operation of the Magnolia LNG export terminal project in Lake Charles, La. The ownership split of the project will be determined at financial close.