SAC Capital Advisors Acquires Equity Stake in Cheniere Energy
Posted on Jan 5, 2012 in Financing | Comments Off on SAC Capital Advisors Acquires Equity Stake in Cheniere Energy
Hedge fund SAC Capital Advisors disclosed this week that it has acquired a 5.7% equity stake in Cheniere Energy Inc. Bloomberg News (via the Stamford Advocate) provides additional...
GDF Suez and China Investment Corp. Close Deal for Equity Stake in Atlantic LNG, Other Assets
Posted on Dec 22, 2011 in Financing, Liquefaction | Comments Off on GDF Suez and China Investment Corp. Close Deal for Equity Stake in Atlantic LNG, Other Assets
GDF Suez and the China Investment Corp. (CIC) have closed a deal whereby CIC will acquire GDF Suez’s 10% equity stake in the Atlantic LNG liquefaction facility in Trinidad and Tobago. According to a GDF Suez spokesperson, the deal also includes the transfer of production payments for Atlantic LNG’s trains 2, 3, and 4, for a total value of 600 million Euros. Platts LNG Daily...
European LNG Headlines
Posted on Dec 16, 2011 in Financing, Regas Terminals & Capacity | Comments Off on European LNG Headlines
Poland’s Gaz-System Signs LNG Terminal Loan with European Investment Bank (Platts LNG Daily) [Subscription required]
Freeport LNG Offers Cost Estimate for Liquefaction Project
Posted on Dec 14, 2011 in Financing, LNG Exports | Comments Off on Freeport LNG Offers Cost Estimate for Liquefaction Project
Speaking at an industry event in Houston, Freeport LNG CFO Hugh Urbantke said that building and installing one liquefaction train at the Freeport LNG facility would cost $4 billion, while installing two liquefaction trains would cost $6.5 billion and three liquefaction trains would cost $10 billion. Read more in Platts LNG Daily [subscription...
European LNG Headlines
Posted on Dec 2, 2011 in Financing, Regas Terminals & Capacity | Comments Off on European LNG Headlines
European Investment Bank Grants Loan for Italy’s Planned OLT LNG Terminal (Platts LNG Daily) [Subscription required]
Petronet, Exxon Considering U.S. LNG Export Options
Posted on Nov 17, 2011 in Financing, LNG Exports, Markets and Competition | Comments Off on Petronet, Exxon Considering U.S. LNG Export Options
A managing director with Petronet LNG told Bloomberg that his company is considering securing minority stakes in the Freeport and Cove Point LNG export projects for “better pricing power and assurance of supply.” Petronet also is in discussions with Cheniere Energy for a stake in the Sabine Pass LNG export project. Separately, an official with ExxonMobil said that his...