Venture Global LNG Raises $675 Million of Additional Capital for Plaquemines LNG Project
Posted on Jul 1, 2019 in Financing, Liquefaction, LNG Exports | Comments Off on Venture Global LNG Raises $675 Million of Additional Capital for Plaquemines LNG Project
Venture Global LNG, Inc. announced that it has raised $675 million of additional capital which will be used primarily for the further development of the company’s proposed 20 million tonnes per annum Plaquemines LNG export project in Plaquemines Parish, La. According to the press release, “[i]n addition to the $855 million of capital previously raised at Venture Global LNG and the $1.3...
Stonepeak Signs Agreement For $1.3 Billion Equity Investment in Venture Global’s Calcasieu Pass LNG Project
Posted on May 29, 2019 in Financing, Liquefaction, LNG Exports | Comments Off on Stonepeak Signs Agreement For $1.3 Billion Equity Investment in Venture Global’s Calcasieu Pass LNG Project
Venture Global LNG, Inc. (Venture Global) and Stonepeak Infrastructure Partners (Stonepeak) jointly announced that “they have executed definitive agreements under which Stonepeak will exclusively provide a $1.3 billion equity investment” in Venture Global’s 10 million tonnes per annum (MTPA) Calcasieu Pass LNG export facility under construction in Cameron Parish, La. According to the...
Total and Tellurian Sign LNG Agreements
Posted on Apr 5, 2019 in Financing, Liquefaction, LNG Exports, Markets and Competition | Comments Off on Total and Tellurian Sign LNG Agreements
Total S.A. announced that it has signed a series of agreements with Tellurian, Inc. “strengthening the partnership between the two companies to develop the Driftwood LNG project” located in Calcasieu Parish, La. According to the press release, the agreements include: • A Heads of Agreement (HoA) upon which Total will invest in Driftwood Holdings and will offtake 2.5 million tons per...
ExxonMobil and Qatar Petroleum Make FID for Golden Pass LNG Export Project
Posted on Feb 5, 2019 in Financing, Liquefaction, LNG Exports | Comments Off on ExxonMobil and Qatar Petroleum Make FID for Golden Pass LNG Export Project
ExxonMobil and partner Qatar Petroleum said today they have made a final investment decision (“FID”) to proceed with development of the proposed Golden Pass LNG export project located in Sabine Pass, Texas. Construction will begin in the first quarter of 2019 and the facility is expected to start up in 2024. According to the press release, the “$10+ billion liquefaction project will...
Financing a Challenge to European Imports of U.S. LNG
Posted on Nov 30, 2018 in Financing, LNG Exports, Markets and Competition | Comments Off on Financing a Challenge to European Imports of U.S. LNG
Bloomberg reports that Andree Stracke, chief commercial officer at German company RWE AG’s trading unit, says that one of the challenges in getting U.S. LNG to Europe is a lack of financing. RWE AG is Germany’s biggest power producer which signed two contracts for U.S. LNG supply this year. According to the report, “to minimize price risk, lenders to U.S. projects typically require...
Pieridae Energy to Acquire Access to Alberta Gas Reserves
Posted on Aug 27, 2018 in Canada & Mexico, Financing, LNG Exports | Comments Off on Pieridae Energy to Acquire Access to Alberta Gas Reserves
Pieridae Energy Limited (Pieridae), sponsor of the proposed Goldboro LNG project in Nova Scotia, and Ikkuma Resources Corp. (Ikkuma) have announced that they have entered into a definitive agreement providing for the acquisition by Pieridae of all of the issued and outstanding shares of Ikkuma, which “will provide Pieridae with ownership of an extensive area of producing and gas-prone...