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Mubadala Energy-backed Catarus Raises $9.8 Billion Financing for US LNG Project
Mubadala Energy said Friday that Catarus raised $9.8 billion in project financing for a liquefied natural gas export facility in Louisiana, US, and will launch its construction.The Abu Dhabi-based company, which holds a 24.1% stake in the US exploration and production company, also provided equity in the project's financing, alongside its partners Kimmeridge and Canada Pension Plan Investment Board.Catarus also secured long-term offtake agreements with global energy and industrial companies, including EQT (EQT.ST), Glencore (GLEN.L, GLN.JO), Mercuria, Petronas, and Saudi Arabian Oil Co.'s (SASE:2222) Aramco Trading.The Commonwealth LNG plant will have a capacity of 9.5 million tonnes per annum and is expected to start operations in 2030.
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Market Chatter: BP Mulls Sale of Some Egyptian Gas Assets
BP (BP) is contemplating selling certain natural gas assets in Egypt, Reuters reported Friday, citing sources familiar with the matter.The British oil and gas giant has yet to make a final decision regarding the move, according to the report.The company didn't immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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Market Chatter: BP Mulls Sale of Natural Gas Assets in Egypt
BP (BP.L) is reportedly looking to sell some of its natural gas assets in Egypt, Reuters reported Friday, citing four people close to the matter.The British energy major has not taken any final decisions yet, the sources told the news outlet.BP did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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