To advance North American natural gas pipeline expansions, TC Energy Corp. on Monday agreed to monetize a 40% stake in the Columbia systems via a joint venture (JV) with Global Infrastructure Partners (GIP). The Calgary midstream giant is selling off stakes to GIP in Columbia Gas Transmission LLC and Columbia Gulf Transmission LLC. TC would…
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NextDecade Reaches FID on Rio Grande LNG First Phase, Gives Bechtel Notice to Proceed
NextDecade Corp. has officially reached a final investment decision (FID) and given a notice to proceed on construction of the first phase of its Rio Grande LNG (RGLNG) facility. The Houston-based company disclosed Wednesday afternoon that it had secured $18.4 billion for the 17.6 million metric ton/year (mmty) first phase, making it what the company…
NextDecade Says Equity, SPA Agreements with TotalEnergies, GIP Clear Path to FID This Month
NextDecade Corp. has disclosed agreements with Global Infrastructure Partners (GIP) and TotalEnergies, and now expects to reach a final investment decision (FID) for the Rio Grande LNG project in deep South Texas later this month. GIP has agreed to take an undisclosed majority stake in the first three liquefaction trains of the proposed Texas export…
TotalEnergies Strikes $750M Tolling Fee Deal with GIP at Australia’s Gladstone LNG
French supermajor TotalEnergies SE has inked a $750 million tolling fee agreement with infrastructure fund Global Infrastructure Partners (GIP) related to the downstream facilities at the Gladstone liquefied natural gas (LNG) project in Australia. Under the terms of the deal, GIP is to receive a throughput-based tolling fee calculated on TotalEnergies’ share of gas processed…
Devon Takes $3.1B for EnLink as GIP Builds Midstream Portfolio
Devon Energy Corp. has clinched an agreement to sell its ownership in EnLink Midstream, which it controls, to an affiliate of Global Infrastructure Partners (GIP) for $3.125 billion.