Texas LNG Brownsville LLC (Texas LNG) has announced that it has appointed BNP Paribas as Financial Adviser for the Brownsville Project, US. BNP Paribas will help in the raising of equity and debt financing for the total capital requirements of the project. This will include the execution of definitive transaction documents for achieving Final Investment Decision (FID) and project construction.
Texas LNG plans to build the Brownsville Project in two phases, each with LNG production of 2 million tpy.
CEO of Texas LNG, Vivek Chandra, commented: “The commitment of BNP Paribas to the Texas LNG Project is a testament to the steady progress the project team and its partners have achieved since project inception in 2013. BNP Paribas joins Third Point LLC, Samsung Engineering & Construction, Air Products, UOP, Braemar Engineering, NRG, PSI, K&L Gates, GreenbergTraurig, Royston Rayzor, and other leading partners in supporting our exciting project. BNP Paribas’ global footprint will help us develop off take and investment relationships and ensure that our engineering and commercial agreements support project financing efforts, ensuring that the project schedule remains on track for first deliveries in 2020.”
Edited from press release by Angharad Lock