Total buys stake in IEnova LNG terminal

Total buys stake in IEnova LNG terminal

Equity M&A Project & Infrastructure Finance Loans Debt Energy Gas Mexico United States Europe

French oil company Total said Thursday that it had acquired 16.6% of the Energía Costa Azul (ECA) liquefied natural gas export terminal in Mexico from IEnova and Sempra LNG for an undisclosed amount. IEnova, the Mexican subsidiary of San Diego-based Sempra Energy, now owns 41.7% of ECA Liquefaction, the company developing the project, while Sempra LNG has the other 41.7%, Total and IEnova said in separate press releases. IEnova also said ECA Liquefaction signed a five-year, $1.58 billion loan fr

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