Pointe LNG LLC is moving ahead with plans for an LNG export terminal in Plaquemines Parish, La. The company engaged Whitehall & Company as exclusive financial advisor in connection with raising investment capital and securing offtake for the development and construction of a 6 million-tonnes/year (tpy) LNG export terminal project that is expected to require up to $4 billion of capital for development and construction, inclusive of $56 million of development capital.
Development of an LNG project in the same location, Louisiana LNG Energy LLC, was started by the Pointe LNG team co-founders Tom Burgess and Jim Lindsay, which was sold in 2015 to a joint venture of Cheniere and Parallax. The two companies did not complete development and Pointe LNG returned to the site to resume LNG development under as Pointe LNG.
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