BRIEF-Mubadala Energy, Kimmeridge, CPP Investments Announce Final Investment Decision For Caturus Project

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BlackRock, Inc.

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EQT Corporation

EQT

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- 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