Texas LNG financing
March 15 (LNGJ) - Texas LNG, the liquefied natural gas export project to be constructed by the New York-based Glenfarne Group at the fully permitted site at the Port of Brownsville, has received sufficient “expressions of interest from leading project finance banks” to move to the execution phase of project financing. Glenfarne said it had also appointed Latham & Watkins as Borrower’s counsel and Milbank as Lenders’ counsel for the issuance.
The firm noted that these lenders have been key supporters of Glenfarne, having led over $4 billion of financing to Glenfarne’s businesses over the last 10 years for various energy transition-focused assets. “Texas LNG’s financing consortium will be comprised of the world’s leading institutions that recognize the attributes of the project and Glenfarne’s excellent history of building energy transition infrastructure,” said Brendan Duval, Chief Executive and Founder of Glenfarne Energy Transition. The first LNG exports from Texas LNG are expected to be shipped in 2028.
LNG investor EIG Global Energy Partners leads $12.4Bln deal completion for Saudi Aramco pipelines
The Saudi Arabian Oil Company, Saudi Aramco, has completed one of the world’s largest ever energy infrastructure deals worth $12.4 billion with a consortium led by Washington DC-based EIG Global Energy Partners, an investor in LNG plant and feed-gas operators such as Cheniere Energy and Kinder Morgan.
