Magnolia LNG Fully Funded to Financial Close
Posted on May 5, 2014 in Financing, LNG Exports | Comments Off on Magnolia LNG Fully Funded to Financial Close
Magnolia LNG announced that it has raised enough money in a recent stock offering to fully fund its proposed LNG export terminal project at Lake Charles, La. through to financial close, which is expected in mid-2015. Read more in the press...
Japanese Utilities to Invest $1.2 Billion In Freeport LNG Train 1
Posted on Feb 28, 2014 in Financing, LNG Exports | Comments Off on Japanese Utilities to Invest $1.2 Billion In Freeport LNG Train 1
Bloomberg reports that Osaka Gas Company (Osaka) and Chubu Electric Power Company (Chubu) will each invest $600 million for their own 25% in shares of liquefaction Train 1 at Freeport LNG’s proposed export terminal near Freeport, Texas. Train 1 is designed to produce 4.4 million metric tons of LNG per year starting in 2018. Osaka and Chubu previously entered into tolling agreements...
Douglas Channel LNG Sponsor Files for Financial Reorganization
Posted on Nov 4, 2013 in Financing, LNG Exports | Comments Off on Douglas Channel LNG Sponsor Files for Financial Reorganization
The Wall Street Journal [subscription required] reports that a sponsor of the proposed Douglas Channel LNG export terminal in British Columbia filed for a court sanctioned financial reorganization under Canada’s Companies’ Creditors Arrangement Act, which is analogous to a U.S. Chapter 11 bankruptcy filing. The article states that the project developer, BC LNG, a consortium between...
ConocoPhillips Withdrawing from Freeport LNG Export Project
Posted on Aug 2, 2013 in Financing, LNG Exports | Comments Off on ConocoPhillips Withdrawing from Freeport LNG Export Project
Dow Jones Business News reports that ConocoPhillips has reached an agreement to pull out of the Freeport LNG export project in Texas. The move is part of the company’s repositioning to focus on U.S. shale gas...
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...
Freeport LNG Seeking Financing for LNG Export Terminal
Posted on Jul 2, 2013 in Financing, LNG Exports | Comments Off on Freeport LNG Seeking Financing for LNG Export Terminal
Bloomberg reports that Freeport LNG Development is seeking $7.5 billion to finance construction of the first two LNG production trains at its proposed LNG export terminal on Quintana Island, Texas. According to the report, the facility will have three trains, with one train opening each year in 2017, 2018 and 2019. Financing for the third train will be sought in...