Blackstone Energy Partners Negotiating for Equity Stake in Sabine Pass LNG Liquefaction Project
Posted on Feb 27, 2012 in Financing, LNG Exports | Comments Off on Blackstone Energy Partners Negotiating for Equity Stake in Sabine Pass LNG Liquefaction Project
Cheniere Energy Partners, L.P. announced this morning that it has entered into exclusive negotiations with Blackstone Energy Partners L.P. and other affiliated companies where Blackstone would purchase $2 billion in newly issued securities to finance the Sabine Pass LNG liquefaction project. The press release also notes that Cheniere Energy Partners, L.P. will purchase the Creole Trail...
Mitsubishi to Invest in Shale Gas Play Supplying LNG Export Projects on Canada’s West Coast
Posted on Feb 20, 2012 in Canada & Mexico, E&P, Financing, LNG Exports | Comments Off on Mitsubishi to Invest in Shale Gas Play Supplying LNG Export Projects on Canada’s West Coast
Encana Corp. has announced that it will sell a 40% ownership stake in the Cutback Ridge shale gas play to Mitsubishi Corp. for $2.9 billion. According to the Vancouver Sun, an official with Mitsubishi said that one reason the company invested in these gas assets was to further its plans for LNG exports from western...
Analyst Expects Cheniere Will Secure Financing for LNG Liquefaction Project
Posted on Feb 17, 2012 in Financing, LNG Exports | Comments Off on Analyst Expects Cheniere Will Secure Financing for LNG Liquefaction Project
Speaking yesterday in Houston, an analyst with Societe Generale said that he expects that Cheniere will be able to secure adequate financing from banks to build the company’s planned LNG liquefaction project at the Sabine Pass LNG terminal. Read more in Platts LNG Daily [subscription...
Calais LNG Responds to FERC’s Information Request
Posted on Feb 16, 2012 in Federal Regulation, Financing, Regas Terminals & Capacity | Comments Off on Calais LNG Responds to FERC’s Information Request
Calais LNG Project Company, LLC submitted a response to FERC’s information request regarding the project’s financing, site control, and compliance with exclusion zone regulations promulgated by the U.S. Pipeline and Hazardous Materials Safety Administration. The response is available in FERC’s eLibrary under Docket No....
S&P Raises Cheniere’s Credit Rating
Posted on Feb 14, 2012 in Financing | Comments Off on S&P Raises Cheniere’s Credit Rating
Last week, Standard & Poor’s raised its credit rating for Cheniere Energy to “B-” and the rating of Cheniere’s subsidiary Sabine Pass Liquefaction, LLC to “BB-.” S&P also called the outlook for Cheniere “positive.” Reuters provides additional...
Attorneys Discuss Uncertainty Surrounding DOE’s Ability to Revoke LNG Export Permits
Posted on Feb 9, 2012 in Federal Regulation, Financing, LNG Exports | Comments Off on Attorneys Discuss Uncertainty Surrounding DOE’s Ability to Revoke LNG Export Permits
Several energy attorneys told Energy Law360 that they are concerned about the U.S. Department of Energy’s (DOE) authority to revoke LNG export permits, noting that “DOE gave absolutely no guidance as to what the parameters are as to when the revocation would occur” in its authorization of the Sabine Pass LNG export project last...