Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



Cheniere adds two more Sabine Pass LNG trains

05.29.2013  | 

Cheniere issued contractor Bechtel a full notice to proceed with construction of Trains 3 and 4, according to company CEO Charif Souki. Construction work began last August on the first two trains, which are about 30% complete. Initial LNG deliveries are expected to begin in late 2015.

Keywords:

Cheniere Energy announced Wednesday that its board of directors gave final approval for the development and construction of Trains 3 and 4 of the liquefaction project being developed adjacent to the Sabine Pass LNG export terminal.

As such, Cheniere issued contractor Bechtel a full notice to proceed with construction of the trains.

Cheniere said credit lines worth $5.9 billion had been secured, including a syndicated loan and loans through Korean banks. The debt will mature in 2020.

These credit facilities complete the financings needed to fund the costs of developing, construction and placing into service the first four liquefaction trains, according to the company.

"We have completed all milestones to start construction on the first four liquefaction trains," said CEO Charif Souki.

"Construction on Trains 1 and 2 commenced last August and is approximately 30% complete," he said. "Construction on Trains 3 and 4 will start immediately. First LNG is expected to be delivered by late 2015."

The company said it expects to file an application by September 2013 for US approval of Trains 5 and 6.

Cheniere's Sabine Pass project, located on the Louisiana-Texas border, was the first project allowed by the US to export LNG to countries without a free trade agreement with the US.



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Related articles

FEATURED EVENT

GasPro North America

Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


67%

33%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.