U.S. power and gas utility Sempra Energy said on Monday the first phase of its proposed Port Arthur liquefied natural gas (LNG) export terminal received the financial greenlight to move ahead with investment firm KKR & Co agreeing to a minority stake in the project.
Though KKR's investment was not disclosed, an infrastructure fund managed by it will buy a 25% to 49% indirect, non-controlling interest in the project.
Sempra Infrastructure Partners, the 70%-owned unit of Sempra, would target 20% to 30% of indirect ownership interest in the project, subject to the closing of the KKR sale. Additionally, Sempra Infrastructure announced the closing of the project's $6.8 billion non-recourse debt financing and the issuance of the final notice to proceed under the project's engineering, procurement and construction agreement.would go forwardDemand for U.S. LNG increased after several countries slowed purchases of Russian energy and imposed sanctions on Moscow after its invasion of Ukraine in February 2022.. The U.S.
Sempra estimates the total capital expenditure for the 13.5-million tonnes per annum plant's Phase 1 at $13 billion.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Sempra will build $13B LNG facility in Port ArthurSempra's $13 billion liquefied natural gas facility in Port Arthur is a joint effort with...
Baca lebih lajut »
Sempra moves forward on constructing a major liquefied natural gas project in TexasPort Arthur LNG will ship gas from the Gulf Coast of the U.S. to international markets
Baca lebih lajut »
Spanish company drops LNG terminal in New Brunswick citing high costs to ship gasThe Spanish company behind a proposal to export liquefied natural gas to Europe through a terminal in Saint John, N.B., has announced it will not go ahead with the project because the costs are too high. cdnpoli
Baca lebih lajut »
French strikes continue to block refinery shipments and LNG terminalsShipments of refined products from French refinery and depots were blocked on Monday by a 13th day of strike action, though some refineries operated with a reduced flow.
Baca lebih lajut »
Legendary Gino's Pastry Shop on Arthur Avenue denied small business loansGino's Pastry Shop on Arthur Avenue is best known for a few things -- its homemade authentic treats and the quality time people have enjoying them. But the Bronx business is in financial trouble. ShoshBedrosian explains why.
Baca lebih lajut »
Mexico seizes Vulcan Materials port facility: Britt calls move ‘unlawful and unacceptable’U.S. Senator Katie Britt denounced what her office is describing as Mexico’s militarized seizure of Birmingham-based port facility at Punta Venado in Quintana Roo.
Baca lebih lajut »