EIG’s MidOcean Seeks to Raise $5 Billion Toward Lake Charles LNG

EIG Global Energy Partners’ MidOcean Energy is looking to raise $5 billion for the proposed Lake Charles liquefied natural gas export project in Louisiana, according to people familiar with the matter.

The financing package would include $2 billion in equity and $3 billion in debt, according to the people, who asked not to be identified because the discussions were private. JPMorgan Chase & Co. is working with Mizuho Financial Group Inc. on the debt portion, the people added.

US LNG developers are pushing to secure financing and begin construction on projects before the next global supply wave potentially surpasses ...