Sempra reaches final investment decision on Port Arthur LNG plant's Phase 1

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.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: TheStarPhoenix - 🏆 253. / 63 Read more »

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.
Source: CBSNewYork - 🏆 268. / 63 Read more »