Cheniere Seeks to Refinance LNG Import Terminal
Posted on Jan 26, 2016 in Financing, Liquefaction, LNG Exports, Markets and Competition, Regas Terminals & Capacity | Comments Off on Cheniere Seeks to Refinance LNG Import Terminal
Bloomberg reports that Cheniere Energy is seeking to refinance $2.1 billion it owes on its Sabine Pass LNG import terminal facilities in Cameron Parish, La. The import terminal came on-line in 2008-2009, just as American shale gas supplies entering the U.S. gas market caused gas prices to drop to a 16-year low of $1.68/MMBtu. According to the report, the Sabine Pass LNG terminal has never imported anywhere near its LNG import capacity.