TotalEnergies, Partners Make Final Investment Decision on Texas LNG Project
13 Julho 2023 - 4:05AM
Dow Jones News
By Giulia Petroni
TotalEnergies and its partners have made a final investment
decision to develop phase-one of the Rio Grande liquefied natural
gas project in South Texas.
The French oil-and-gas major said Thursday that as a result of
the decision, it will acquire a 16.67% stake in the joint venture
in charge of the first phase of the project and participate in its
equity contributions for a total amount of $1.1 billion.
The investment decision was made by Global Infrastructure
Partners, NextDecade and their partners GIC and Mubadala. The
project will be financed by equity contributions from the partners
and by a debt contribution agreed on with an international banks'
consortium.
TotalEnergies said it will hold a total 17.5% stake in
NextDecade for a total amount of $219 million, and offtake 5.4
million metric tons a year of LNG from first-phase production for a
period of 20 years.
The first phase comprises three liquefaction trains with a total
capacity of 17.5 million tons a year and capital expenditure of
$14.8 billion, according to the company.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 13, 2023 02:50 ET (06:50 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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