Picture of Mercuria Holdings logo

7347 — Mercuria Holdings News Story

0.000.00%
jp flag iconLast trade - 00:00
FinancialsBalancedSmall CapSuper Stock

Brief: Mubadala Energy, Kimmeridge, CPP Investments Announce Final Investment Decision For Caturus Project

May 15 (Reuters) - MUBADALA ENERGY:

MUBADALA ENERGY, KIMMERIDGE AND CPP INVESTMENTS ANNOUNCE FINAL INVESTMENT DECISION FOR CATURUS' COMMONWEALTH LNG INVESTMENT IN U.S - STATEMENT

FID FOR ITS COMMONWEALTH LNG PROJECT THAT INCLUDES SUCCESSFUL CLOSING OF $9.75 BILLION IN PROJECT FINANCING

PROJECT FINANCING FOR CONSTRUCTION OF 9.5 MTPA LIQUEFIED NATURAL GAS (LNG) EXPORT FACILITY IN CAMERON PARISH, LOUISIANA

LONG‑TERM OFFTAKE AGREEMENTS HAVE BEEN SECURED WITH A DIVERSIFIED GROUP OF GLOBAL ENERGY AND INDUSTRIAL COUNTERPARTIES, INCLUDING EQT, GLENCORE, MERCURIA, PETRONAS, AND ARAMCO TRADING

DEAL GARNERED STRONG INTEREST FROM BOTH EQUITY AND DEBT INVESTORS, RESULTING IN TOTAL COMMITMENTS OF $21.25 BILLION

LONG TERM OFFTAKE AGREEMENTS HAVE BEEN SECURED WITH A DIVERSIFIED GROUP OF GLOBAL ENERGY AND INDUSTRIAL COUNTERPARTIES

PHASE 1 DEVELOPMENT IS EXPECTED TO GENERATE MORE THAN $3 BILLION IN ANNUAL EXPORT REVENUE WHEN OPERATIONS COMMENCE IN 2030

MUBADALA ENERGY IS ALSO AN EQUITY PARTICIPANT IN PROJECT’S FINANCING

FINANCIAL PARTNERS IN PROJECT INCLUDE EOC PARTNERS, FUNDS, ACCOUNTS MANAGED BY BLACKROCK, AN ARES INFRASTRUCTURE OPPORTUNITIES FUND

 ((Reuters.Briefs@thomsonreuters.com;))

Recent news on Mercuria Holdings

See all news