Cheniere Energy Partners LP has made a positive final investment decision with respect to Train 6 at the Sabine Pass liquefaction project in Cameron Parish, La. Cheniere has issued full notice to proceed with construction to Bechtel Oil, Gas & Chemicals Inc.
To fund a portion of Train 6 construction, a third LNG berth, and required supporting infrastructure, Cheniere entered a 5-year, $1.5-billion senior secured credit facilities with 29 banks and financial institutions.
Cheniere also has raised its run-rate production guidance to 4.8–4.9 million tons/year/train, up from 4.5–4.9 million tpy/train. The increase in run-rate production is based on the impact of production optimization, maintenance optimization, and debottlenecking projects at the SPL project.
Cheniere owns 100% of the Sabine Pass LNG terminal through its wholly owned subsidiary Sabine Pass LNG LP. The Sabine Pass LNG terminal includes five existing LNG storage tanks with capacity of 16.9 bcf of gas equivalent, two marine berths that can accommodate vessels with nominal capacity of as much as 266,000 cu m, and vaporizers with regasification capacity of 4 bcfd.
Through its wholly owned subsidiary Cheniere Creole Trail Pipeline LP, Cheniere also owns a 94-mile pipeline that interconnects the Sabine Pass LNG terminal with a number of large interstate pipelines.
