Louisiana LNG Energy secures funding

ArcLight Capital Partners LLC

Louisiana LNG Energy LLC (LLNGE) has secured funding from an affiliate of ArcLight Capital Partners LLC for LLNGE's mid-scale LNG export terminal currently under development in Louisiana along the Mississippi River.

The project, expected to be online in late 2017, has export capacity of 2.0 million tonnes per annum (MTPA), possesses deep water access for very large gas carriers (VLGC), and utilizes modular construction for speed to market.

LLNGE has selected Chart Energy & Chemicals Inc. to perform advanced engineering for the project. LLNGE has selected Chart's 0.5 MTPA standard LNG liquefaction plant design. The plants will feature Chart's proprietary liquefaction technology with in-house design and manufacture of all mission critical equipment. Advanced engineering will begin immediately. 

The project also has procured four manufacturing space reservations with Chart, to ensure that the 2.0 MTPA LNG plant can be online in the fourth quarter of 2017.  

Sea Port Group Securities LLC acted as lead financial advisor, and Galway Capital LP acted as financial advisor to LLNGE. Galway Energy Advisors LLC has also been retained to assist LLNGE in securing LNG offtake arrangements and with other commercial operations.

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