Songon financial close put back
Issue 318
- 25 Feb 2016
| 1 minute read
Houston-based Endeavor Energy has pushed back financial close on the Songon gas-to-power project to the end of Q3 2016 from its previous target of December 2015. Songon is a multi-phase combined-cycle power project with purpose-built liquefied natural gas (LNG) import infrastructure and a floating storage and regasification unit (FSRU), generating 375MW in its first phase. Endeavor entered into a joint development agreement with local partner Starenergie 2073 last year, for Endeavor to take a majority interest in Starenergie and lead the development of the project.
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