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13.06.25 - 21:06
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Interior Department Announces $200 Billion LNG Supply Agreements With Japan (ZeroHedge)
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Interior Department Announces $200 Billion LNG Supply Agreements With Japan
Authored by Naveen Athrappully via The Epoch Times (emphasis ours),
U.S. companies have finalized sales agreements with Japanese power generation giant JERA Co. Inc. for it to purchase up to 5.5 million tons per year of American liquefied natural gas (LNG), the Department of the Interior (DOI) said in a June 11 statement.
A liquefied natural gas tanker arrives at a gas storage station in Chiba prefecture, Japan, on April 6, 2009. STR/JIJI Press/AFP via Getty Images
The four 20-year agreements, which are projected to “support more than 50,000 U.S. jobs and add more than $200 billion to U.S. GDP according to S&P Global analysis, underscore President Trump's efforts to unleash American LNG production and the significant role the U.S. LNG industry plays in strengthening the U.S. economy and bolstering global energy security,” the DOI said.
JERA's deal with NextDecade Corporation, Commonwealth LNG, Sempra Infrastructu...
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06.01.25 - 14:06
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NextDecade Announces $175 Million Senior Secured Loan (Business Wire)
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Proceeds will be Used to Repay Existing $50 Million Revolving Credit Facility and $12.5 Million Interest Term Loan and for Working Capital and General Corporate PurposesHOUSTON--(BUSINESS WIRE)--NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) announced today that its wholly owned subsidiary, Rio Grande LNG Super Holdings, LLC, has entered into a credit agreement with General Atlantic Credit's (“GA Credit”) Atlantic Park Fund that provides for a $175 million senior secured loan (the “Senior Loan”).
Proceeds from the Senior Loan were disbursed at closing on December 31, and net proceeds, after fees and related transaction expenses, will be used to repay outstanding borrowings under the Company's existing $50 million revolving credit facility and $12.5 million interest term loan, and to fund working capital and general corporate purposes, including development expenses for expansion trains 4 and 5 at the Rio Grande LNG Facility.
The Senior Loan matures six years from the closing d...
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