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PIPELINES & TRANSPORT
Eagle LNG to introduce

Caribbean-based vessels

to fuel Royal Caribbean
Group ships

Eagle LNG Partners announced today it has
partnered with the Royal Caribbean Group to
provide LNG bunkering for the cruise compa-
ny’s LNG ships, including the first ship debuting
in 2023 — Icon of the Seas, the first ship in the
Icon Class for the company’s Royal Caribbean
International brand. Eagle LNG will debut mul-
tiple purpose-built LNG vessels equipped for
marine bunkering and gas delivery throughout
the Caribbean.
The LNG bunker supply vessels are optimised About The Energy & Minerals Group: The York City time, on June 15, 2022, will now expire
for cruise ship bunkering with state-of-the-art Energy & Minerals Group (EMG) is a private at 5:00 p.m., New York City time, on June 17,
distance-keeping, hose-handling, product-con- investment firm with Regulatory Assets Under 2022, unless further extended (as so extended).
ditioning and mooring solutions. Given the Management of approximately $13bn as of In addition, the Company announced that
beauty of the countries and islands where they March 31, 2022. EMG targets equity investments the consent fee for the Consent Solicitation with
will operate, the vessels will maintain the highest of $150mn to $1bn in the energy and minerals respect to the 2027 Notes will be increased so
possible environmental ship index (ESI) score, sectors with talented, experienced management that holders of the 2027 Notes will receive a cash
fuel efficiency, versatility and cargo handling teams, focused on hard assets that are integral to payment equal to $10.00 per $1,000 principal
capabilities while incorporating design ele- existing and growing markets. amount of 2027 Notes with respect to which
ments from the vibrant colours of the Caribbean Eagle LNG Partners, June 14 2022 such consents to the Proposed Amendments
islands. have been validly delivered prior to the Extended
“Eagle LNG is honored to have been chosen Expiration Time and not validly revoked by such
by Royal Caribbean Group as its LNG bunker INVESTMENT holder.
partner. Our shared vision for a sustainable Finally, the Company announced that it has
future, including achieving net zero emissions GeoPark extends consent determined to withdraw and terminate its pre-
by 2050, creates a strong foundation for a long- viously announced solicitation of consents from
term partnership,” said Matthew Fisher, Vice solicitation and increase the holders of its 6.500% Senior Notes due 2024.
President of Corporate Development and Sus- All consents delivered and received with respect
tainability for Eagle LNG. “By introducing these of consent fee for 5.500% to the 2024 Notes will be voided and no payment
purpose-built bunkering ships for the Carib- of any consent fee will be made to any holder of
bean, we are setting that vision into motion while senior notes due 2027 the 2024 Notes.
also creating opportunities for island nations to The terms of the Consent Solicitation are
access low-cost, secure, US produced natural gas GeoPark today announced that it has extended detailed in the Consent Solicitation Statement,
for power generation.” the expiration date of its previously announced dated June 8, 2022 (as amended, supplemented
The LNG supply will be sourced from Eagle solicitation of consents from the holders of its or otherwise modified). No consent fee will be
LNG’s liquefaction facilities in Jacksonville, 5.500% Senior Notes due 2027 for the adoption paid to any holder of 2027 Notes for which the
Florida. Eagle LNG’s facilities are designed for of certain proposed amendments to the inden- requisite consents have been obtained unless
loading bunker vessels and LNG carriers for the ture governing the 2027 Notes. The Proposed such holder delivers a consent and does not
Caribbean while maintaining economies of scale Amendments intend to (i) address the impact revoke such consent in accordance with the
using modular liquefaction technology. The of adverse market conditions and related drop terms of the Consent Solicitation Statement
facilities will be capable of blending in renew- in the price of crude oil during 2020 on the prior to the Extended Expiration Time. Holders
able feedstocks to help customers achieve their Company’s results, which in turn negatively of the 2027 Notes who have previously delivered
carbon reduction goals. impacted the restricted payments builder bas- consents do not need to redeliver such consents
About Eagle LNG; Eagle LNG is a privately ket as currently in effect, and (ii) increase and or take any other action in response to this exten-
held and operated portfolio company of The reset the general restricted payments basket in sion and increase in consent fee with respect to
Energy & Minerals Group. Eagle LNG provides the Indenture to provide the Company addi- the 2027 Notes.
affordable, efficient and clean-burning energy. It tional restricted payments capacity, giving the Other holders of the 2027 Notes may deliver
develops bespoke small-scale LNG fueling solu- Company additional financial flexibility that is their consents in accordance with the instruc-
tions for marine industries and power genera- aligned to its improved performance beginning tions provided in the Consent Solicitation State-
tion in the Caribbean and Latin America. Eagle in 2021. The Consent Solicitation, which was ment at or prior to the Extended Expiration
LNG is based in Houston, Texas. previously scheduled to expire at 5:00 p.m., New Time.

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