Macquarie in gas deal
July 11 (LNGJ) - Two LNG and natural gas market players, the French energy company Engie and the Australian bank Macquarie, have signed a joint venture deal to expand a Mexican gas pipeline system. The partnership involves Macquarie acquiring a 50 percent stake to help finance the construction of a 700-kilometres (435-mile) natural gas pipeline.
The enterprise value of the Mayakan project will be around $3 billion. The new pipeline will double the natural gas transportation capacity for the Yucatán Peninsula and when completed will pass through the states of Chiapas, Tabasco, Campeche and Yucatán.
LNGC impairment charges hit MISC
Malaysian energy giant MISC Berhad, part of the Petronas empire, has reported that group revenue for the second quarter of this year was RM3,212.3 mill.
Rio Grande LNG export project in Texas takes on French and Australian banks for financing role
NextDecade, the US LNG export project developer, has appointed French bank Societe Generale and Australia’s Macquarie Capital to act as joint financial advisors for the debt and equity financing of the Rio Grande project at the Texan port of Brownsville.
