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IPPToday #260: L&G approves US$260 million financing for gas pipeline in Northern Ireland

IPPToday #260: L&G approves US$260 million financing for gas pipeline in Northern Ireland

🕔Aug 6, 2018

Mutual Energy has secured GBP200 million (US$260.0 million) financing from Legal & General to cover construction costs of the Gas to the West project. This involves the delivery of an 80km extension to the existing gas network in Northern Ireland through a mainly underground pipeline running from Portadown to (near) Enniskillen.

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IPPToday #244: Enbridge and Brookfield agree US$3.3 billion natural gas sale

IPPToday #244: Enbridge and Brookfield agree US$3.3 billion natural gas sale

🕔Jul 9, 2018

Enbridge Inc. has entered into definitive agreements to sell its natural gas gathering and processing (G&P) business based in Canada to Brookfield Infrastructure and its institutional partners for a cash purchase price of CAD4.31 billion (US$3.29 billion).

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Allianz Global Investors’ Infrastructure Debt and Fermaca reached a deal to refinance El Encino–La Laguna Mexico gas pipeline

Allianz Global Investors’ Infrastructure Debt and Fermaca reached a deal to refinance El Encino–La Laguna Mexico gas pipeline

🕔Jul 5, 2018

Allianz Global Investors (AllianzGI), has announced that it has made an investment on behalf of its clients into the term refinancing of El Encino – La Laguna pipeline (EELL), an operating natural gas pipeline with over 476 Kilometres in central Mexico, sponsored by Fermaca.

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IPPToday #228: Chinese and Korean firms to develop multi-billion LNG projects in the Philippines

IPPToday #228: Chinese and Korean firms to develop multi-billion LNG projects in the Philippines

🕔Jun 8, 2018

SK E&S, a subsidiary of Korean conglomerate SK Group, has signed a Letter of Intent (LOI) with the Department of Energy of the Philippines proposing the construction of liquefied natural gas (LNG) infrastructure worth US$1.7 billion. In addition, Phoenix Petroleum and China National Offshore Oil Corp (CNOOC) have signed a Memorandum of Understanding (MOU) to develop LNG projects in the country.

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IPPToday #224: Total launches US$1.2 billion offshore oil production project in Angola

IPPToday #224: Total launches US$1.2 billion offshore oil production project in Angola

🕔Jun 1, 2018

Total and its partners have launched the Zinia 2 project, a deep offshore short-cycle development in an area 150km off the coast of Angola, known as Block 17. The launch follows the developers' final investment decision (FID) to proceed with the project, which has a budget of US$1.2 billion.

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PBF Energy closes US$3.4 billion credit facility

PBF Energy closes US$3.4 billion credit facility

🕔May 22, 2018

PBF Holding Company LLC, a subsidiary of PBF Energy, has announced that it and certain of its subsidiaries' have entered into a new five-year revolving credit agreement.

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IPPToday #212: MoU signed for 3.2 GW LNG project in Vietnam

IPPToday #212: MoU signed for 3.2 GW LNG project in Vietnam

🕔May 16, 2018

Energy Capital Vietnam (ECV) has announced that it has signed a Memorandum of Understanding (MOU) with The People's Committee of Bac Lieu Province to develop an integrated Liquefied Natural Gas (LNG) to power project in the province, which is located in the Mekong Delta region of the country.

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Energy reguator approves Turkey's first LNG production and storage project

Energy reguator approves Turkey's first LNG production and storage project

🕔May 11, 2018

LNG Gaz Uretim Depolama ve Satis AS has received approval to develop onshore LNG production and storage facilities in the midwestern and northern Anatolian regions of Turkey. This is the first project of its kind to be approved in the country.

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Actis acquires 2.2 GW portfolio from InterGen

Actis acquires 2.2 GW portfolio from InterGen

🕔May 3, 2018

Actis has announced that it has acquired InterGen's portfolio of businesses in Mexico for a consolidated enterprise value of US$1.256 billion.

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IPPToday #198: US$1.5 billion raised for LNG-to-power project in Brazil

IPPToday #198: US$1.5 billion raised for LNG-to-power project in Brazil

🕔Apr 24, 2018

Centrais Elétricas de Sergipe (CELSE), a special purpose vehicle majority-owned by Golar Power, has announced the signing of financing agreements for the Porto de Sergipe I project, which involves the development of a thermal power plant that will process natural gas in electric energy in Barra dos Coqueiros, Sergipe state, north-east Brazil.

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LNG Canada to benefit from Government of British Columbia's latest tax cuts

LNG Canada to benefit from Government of British Columbia's latest tax cuts

🕔Apr 11, 2018

The government of British Columbia has announced new conditions and tax rebates for liquefied natural gas (LNG) projects in the province, in a suspected bid to prompt the final investment decision of the LNG Canada project, which was delayed indefinitely in July 2016.

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IPPToday #187: EDF appointed leader of 2000 MW gas-fired power project in Vietnam

IPPToday #187: EDF appointed leader of 2000 MW gas-fired power project in Vietnam

🕔Apr 6, 2018

The Government of Vietnam has appointed the EDF Group as leader of the international consortium in charge the Son My 1 project, located in the Quang Ngai province of Vietnam. The project involves the construction of a 2000 MW gas-fired power plant, which uses combined cycle gas turbine technology.

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Brazil announces installation of 1,028 MW through Avancar Energia programme

Brazil announces installation of 1,028 MW through Avancar Energia programme

🕔Mar 27, 2018

Brazil's Ministry of Mines and Energy has announced that 44 of the 97 projects awarded in its Avançar Energia programme has been completed, adding 1,028 MW of installed capacity to the National Generator Park (Parque Gerador Nacional).

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IPPToday #177: MoU signed for US$3 billion LNG-power project in Bangladesh

IPPToday #177: MoU signed for US$3 billion LNG-power project in Bangladesh

🕔Mar 20, 2018

Summit Power International has announced that its subsidiary Summit Corporation Limited has signed a Memorandum of Understanding (MoU) with Mitsubishi Corporation and its subsidiary Diamond Gas International to develop a LNG-to-Power project in Matarbari, Moheskhali, Bangladesh, which is expected to cost up to US$3 billion.

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Alaska LNG fails to secure FERC approval

Alaska LNG fails to secure FERC approval

🕔Feb 27, 2018

The Federal Energy Regulatory Commission (FERC) of the USA has not approved Alaska Gasline Development Corp.'s Environmental Impact Statement (EIS) application for its US$43 billion Alaska LNG Project. This involves the construction of an 800-mile, 42-inch wide pipeline that will transport 3.3 billion cubic feet of liquified natural gas (LNG) a day.

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Macquarie sells 24.33% stake in Pisto to Swiss Life AM

Macquarie sells 24.33% stake in Pisto to Swiss Life AM

🕔Feb 20, 2018

Macquarie Infrastructure and Real Assets has sold a 24.33% stake in French oil transportation and storage holding company Pisto SAS to Swiss Life Asset Managers. This sale ends Macquarie's almost 10-year interest in the company.

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Mitsui bids to take over Australian oil and gas producer AWE

Mitsui bids to take over Australian oil and gas producer AWE

🕔Feb 5, 2018

Mitsui and Co. has submitted non-binding and conditional proposal to Australian oil and gas producer AWE Ltd, for all of its shares, at AUD0.95 (US$0.75) each, which values the company at about AUD594 million (US$470.5 million). This is the third takeover bid that AWE has received in two months.

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US$3.25 billion EnCap Flatrock Midstream IV achieves final close

US$3.25 billion EnCap Flatrock Midstream IV achieves final close

🕔Jan 30, 2018

EnCap Flatrock Midstream has announced the final closing of EnCap Flatrock Midstream Fund IV, L.P. The substantially oversubscribed fund exceeded its US$3 billion target and reached its US$3.25 billion hard cap within six months.

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IPPToday #129: Dominion Energy acquires US utility Scana for US$14.6 billion

IPPToday #129: Dominion Energy acquires US utility Scana for US$14.6 billion

🕔Jan 5, 2018

Dominion Energy, Inc. and SCANA Corporation have announced an agreement for the companies to combine in a stock-for-stock merger. Including assumption of debt, the value of the transaction is approximately $14.6 billion.

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IPPToday #126: Malta’s Delimara 4 power plant reaches US$540 million financial close

IPPToday #126: Malta’s Delimara 4 power plant reaches US$540 million financial close

🕔Jan 2, 2018

A consortium of eight international banks has signed a financing agreement for the Delimara 4 power plant project in Malta. The consortium is comprised of Bank of Valletta, BNP Paribas Fortis, Credit Industriel et CommercialDZ Bank AGHSBC Bank MaltaKFW-IPEX BankNatixis Bank and Societe General. The package amounts to EUR450 million (US$540 million).

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