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Freeport LNG raises $1B for 4th train; Driftwood LNG gets closer to funding

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Freeport LNG raises $1B for 4th train; Driftwood LNG gets closer to funding

Freeport LNG raises $1B for 4th train at Texas export terminal

Freeport LNG Development LP secured funding for up to about $1 billion for a project to expand its LNG export terminal in Texas with a fourth liquefaction train. The privately held LNG export developer executed definitive agreements for a group led by investment manager Westbourne Capital to provide a loan of up to $1.025 billion to a Freeport LNG unit, according to a Sept. 9 news release. Freeport LNG said it expects the financing, along with a bank facility, to cover all of the capital required for Train 4.

Tellurian closing in on equity partners to fund Driftwood LNG project, CEO says

Tellurian Inc. has identified all of the partners it needs to secure sufficient funding for the first phase of its proposed Driftwood LNG export project in Louisiana, though work still needs to be done finalizing agreements, CEO Meg Gentle said Sept. 4. "We know our customers for phase one at this point, and we are finishing documentation with them to reach a positive [final investment decision]," Gentle said.

Swirling eminent domain debate could engulf Jordan Cove LNG export project

A federal appeals court had questions about the grant of eminent domain authority to a Midwest natural gas pipeline with Canadian customers, and now the proposed Jordan Cove LNG export terminal in Oregon and related 232-mile Pacific Connector project could be at the center of the next battle over use of the legal power by companies involved in export. "We think [Pembina Pipeline Corp.'s] Jordan Cove likely faces the steepest challenge in the wake of [the D.C. Circuit decision]," consulting firm ClearView Energy Partners said in a research note on Sept. 9.

Delfin LNG floating export project will continue without Golar

Delfin LNG LLC executives said partner Golar LNG Ltd.'s departure will not affect their proposed deepwater liquefied natural gas export project off Louisiana. "We cannot speak to the issues at Golar or the disclosures it has made as part of its earnings announcement, but the Delfin project is well established and has attracted significant global partners," Delfin LNG CEO Dudley Poston said in a Sept. 4 statement.

Cheniere Energy Partners upsizes senior notes offering to $1.5B

Cheniere Energy Inc. subsidiary Cheniere Energy Partners LP upsized and priced its previously announced offering of senior notes due 2029, boosting the offering from $1 billion to $1.50 billion. The senior notes would bear interest at a 4.500% rate per year and mature on Oct. 1, 2029, according to a Sept. 9 news release.

Report: Woodside looking to sell stake in Australian field, Canadian LNG project

Woodside Petroleum Ltd., in a bid to reduce its capital exposure, is looking to cut its stakes in the Scarborough gas field in Australia and the Kitimat LNG project in Canada, Reuters reported Sept. 10, citing comments from company CEO Peter Coleman.

Novatek, Petronet ink cooperation deal to move LNG from Russia to India

PAO Novatek and Petronet LNG Ltd. have signed a memorandum of understanding on future natural gas cooperation, according to a Sept. 4 news release from the Russian company. The memorandum aims to deliver liquefied natural gas supplies from Russia to India, with some planned to be used in power generation.