BRIEF-Mubadala Energy, Kimmeridge, CPP Investments Announce Final Investment Decision For Caturus Project
BlackRock, Inc. BLK | 0.00 | |
EQT Corporation EQT | 0.00 |
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
