Cheniere Deploys 1st $167M Of LNG Export Equity Financing

Law360, New York (June 12, 2012, 2:03 PM EDT) -- Cheniere Energy Partners LP has tapped the first of $2 billion in equity financing for a natural gas export facility in Louisiana, using the proceeds from a $167 million stock sale to pay contractor Bechtel Corp. and pay off the project’s term loan, the company said Tuesday.

The money comes from parent company Cheniere Energy Inc., which in May agreed to buy $500 million in newly issued shares to help finance the Sabine Pass liquefied natural gas project, which hopes to begin exporting an oversupply of...
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