Analysts: Cheniere May Have Trouble Meeting Debt Obligations Starting in May
Posted on Nov 1, 2011 in Financing, LNG Exports | Comments Off on Analysts: Cheniere May Have Trouble Meeting Debt Obligations Starting in May
Analysts with Standard & Poor’s said yesterday that if Cheniere’s liquidity position “does not materially improve,” the company will have trouble meeting its debt obligations that will mature in May 2012. In response, Cheniere CEO Charif Souki argued that a recent LNG export contract the company has signed with BG will help Cheniere to refinance its debt...
European LNG Headlines
Posted on Oct 28, 2011 in Financing, Regas Terminals & Capacity | Comments Off on European LNG Headlines
U.K. Port Meridian Final Investment Decision Slips to Mid-2012 (Platts LNG Daily) [Subscription required]
BG and Cheniere Sign Agreement to Export U.S. Domestic Natural Gas
Posted on Oct 26, 2011 in Federal Regulation, Financing, LNG Exports, Markets and Competition | Comments Off on BG and Cheniere Sign Agreement to Export U.S. Domestic Natural Gas
Cheniere Energy and BG Group have signed an agreement to export 3.5 million tons of LNG via the Sabine Pass LNG facility for a term of 20 years. Speaking with Reuters, Cheniere CEO Charif Souki said that the deal could help pave the way for financing for the LNG liquefaction project and that the project could be ready to begin operations by 2015. Separately, FERC requested that...
New Affiliate of GE Energy to Invest in Gulf LNG Terminal Partner
Posted on Oct 25, 2011 in Financing, Regas Terminals & Capacity | Comments Off on New Affiliate of GE Energy to Invest in Gulf LNG Terminal Partner
Lightfoot Capital Partners has announced that it will buy a 48% stake in Arc LNG Holdings LLC, a firm that owns a 20% stake in the Gulf LNG regasification terminal. GE Energy Financial Services, which already owns a 50% position in the Gulf LNG terminal, will buy a 58% position in Lightfoot Capital Partners. BusinessWeek provides additional coverage. Separately, WLOX News reports that...
Kinder Morgan Plans to Retain Ownership of Elba Island, Gulf LNG Terminals Following Acquisition of El Paso
Posted on Oct 19, 2011 in Financing, Regas Terminals & Capacity | Comments Off on Kinder Morgan Plans to Retain Ownership of Elba Island, Gulf LNG Terminals Following Acquisition of El Paso
Kinder Morgan CEO Rich Kinder told World Gas Intelligence [subscription required] that his company will retain ownership of the Elba Island and Gulf LNG terminals once Kinder Morgan completes its acquisition of El Paso. Kinder noted that the terminals are within Kinder Morgan’s usual business model since they are “fee based and fully...
European LNG Headlines
Posted on Oct 17, 2011 in Financing, Regas Terminals & Capacity | Comments Off on European LNG Headlines
European Union to Help Fund Polish Terminal (Platts LNG Daily) [Subscription required] Poland to Sign Credit Line with European Investment Bank for LNG Terminal (Platts LNG Daily) [Subscription...