| Cheniere Said to Seek $2.6 Billion to Refinance LNG Import Plant | |
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“It’s a sensitive issue, but Sabine’s contracts are with investment grade A quality paper, so they have high-quality sales and purchase agreements providing the cash flow to support the debt,” Ted Michael, a Genscape Inc. LNG analyst, said in a telephone interview. “I imagine the market is concerned at the moment, but for the debt markets, I assume it is within the parameters they can bear.” The financing would replace all existing debt on the Creole Trail Pipeline and the LNG import terminal, and add some new debt. Spokesmen for Houston-based Cheniere, Mitsubishi UFJ and Societe Generale didn’t immediately respond to requests for comment. More from Bloomberg.com: Campaigner-in-Chief Bill Clinton Is Worried Cheniere receives minimal quantities of imported LNG, mainly maintenance shipments to keep the plant running, according to government data compiled by Bloomberg New Energy Finance. Total SA and Chevron Corp. each contract 1 billion cubic feet of import capacity and began making annual payments totaling $250 million when the terminal came online under 20-year agreements. First CargoThe refinancing effort comes as Cheniere has hit a snag in its effort to become the first exporter of LNG from the lower 48 states. Earlier this month, the company said the first LNG cargo would be delayed by as much as two months because of faulty wiring. It now plans to ship its first LNG cargo from Sabine Pass in late February or March, missing its previous estimate of the third week of January. The plant will load a commissioning cargo onto a tanker as part of its startup testing. The company needs final federal approval to begin commercial operations. Cheniere plans to build at least six processing plants, known as trains, to produce LNG at Sabine Pass by late 2018, allowing the terminal to supply more than 3.5 billion cubic feet a day. More from Bloomberg.com Read Cheniere Said to Seek $2.6 Billion to Refinance LNG Import Plant on bloomberg.com
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Cheniere Energy Inc.
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CODE : LNG |
ISIN : US16411R2085 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cheniere Energy is a exploration company based in United states of america. Cheniere Energy is listed in United States of America. Its market capitalisation is US$ 45.4 billions as of today (€ 41.5 billions). Its stock quote reached its lowest recent point on December 31, 2001 at US$ 0.75, and its highest recent level on October 11, 2024 at US$ 190.83. Cheniere Energy has 237 656 695 shares outstanding. |