LNG

YPF issues $500m bond

Argentine oil and gas producer, Yacimientos Petroleiferos Fiscales (YPF) has isused a $500 million of 10-year, dollar-denominated notes to yield 8.75%. The sale on June 24 – the first such issuance in more than a year - was managed by the US Citigroup, the UK’s HSBC Holdings and Itau Unibanco Holdings SA of Brazil. Bankers said that proceeds from the sale would go towards working capital and refinancing YPF’s existing debt.

Pieridae Energy shares suspended at TSX

Pieridae Energy, developer of the Goldboro LNG project in the Canadian province Nova Scotia, has had its shares suspended on the Toronto Stock Exchange pending a market-relevant announcement. Trading in Pieridae’s shares were halted on the TSX Venture exchange June 25 at the request of the company’s CEO Alfred Sorensen, pending a possible material announcement in the next couple of days, said to be a natural gas resources acquisition.

US Delfin project delay

Delfin LNG has asked regulators for an extension of three year and six months to construct the plant and related facilities in Cameron Parish in Louisiana. The onshore facilities will transport natural gas to Delfin LNG’s proposed deepwater port in federal waters offshore Louisiana. Delfin told the Federal Energy Regulatory Commission (FERC) that due to the “detailed nature of the engineering design of the offshore facilities and the “the complexity of developing the necessary commercial arrangements”, progress on the project has been slower than originally anticipated. Delfin now proposes to place the export project on stream no later than the end of March 2023.