Cheniere Energy Finalizes Equity Investment for Corpus Christi Liquefaction LNG Terminal
Posted on Jan 20, 2015 in Financing, LNG Exports | Comments Off on Cheniere Energy Finalizes Equity Investment for Corpus Christi Liquefaction LNG Terminal
Cheniere Energy, Inc. (Cheniere) announced that it has entered into a financing agreement with EIG Management Company, LLC (EIG) under which investment funds managed by EIG will purchase $1.5 billion of convertible notes to fund a portion of the proposed Corpus Christi Liquefaction LNG export terminal in San Patricio and Nueces Counties, Texas. According to the press release, the financing is scheduled to close once Cheniere reaches a positive final investment decision on the project, expected in the first half of 2015. All financing commitments have been obtained for the project.