TotalEnergies and partners use debt to develop South Texas project

Chicago, July 13 – TotalEnergies SE announced that a final decision has been made to develop a natural gas liquefaction project in South Texas, according to a press release.

The project is a collaboration with Global Infrastructure Partners (GIP) NextDecade Corp., and their partners, GIC and Mubadala.

The first phase of the project comprises three liquefaction trains with a total capacity of 17.5 million tons per annum and capex of $14.8 billion.

The project will be financed with equity contributions from the partners and a debt contribution concluded Thursday with an international banks’ consortium.

Based in Paris, TotalEnergies is an oil, gas and solar power company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.