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Cheniere Hires Eight Banks To Arrange $4 Billion In Debt Financing

By Ben Lefebvre Of DOW JONES NEWSWIRES HOUSTON -(Dow Jones)- Cheniere Energy Partners (CQP) said Monday it has hired eight banks to help it arrange $4 billion in debt financing, the latest step in the company's hopes of building a facility to export natural gas from the U.S. Gulf Coast. Cheniere listed the eight banks as Bank of Tokyo-Mitsubishi UFJ Ltd.; Credit Agricole Corporate and Investment Bank; Credit Suisse Securities (USA) Llc.; HSBC (HBC); J.P. Morgan Securities Llc.; Morgan Stanley (MS); RBC Capital Markets and SG Americas Securities Llc. Cheniere would be the first large-scale exporter of liqufied natural gas, or LNG, from the continental U.S. after adding export capability to its import terminal in Sabine Pass, La. The Houston-based company fell deeply into debt after the U.S. natural gas production boom made natural gas imports into the country superfluous. The proceeds will help Cheniere pay for developing and constructing the Sabine Pass liquefaction project and buying the Creole Trail Pipeline from parent company Cheniere Energy Inc. (LNG) "Obtaining financing is one of the last steps to complete before proceeding with the construction of the first two liquefaction trains being developed at the Sabine Pass LNG terminal," said Cheniere Chief Executive Charif Souki. The natural gas supply glut has driven U.S. prices for the commodity to among the lowest in the world. Cheniere hopes to start LNG exports by 2015 and has already lined up BG Group (BG.LN), Gas Natural Fenosa, Gail (India) Ltd. (532155.BY) and Korea Gas Corp. as customers. Cheniere still requires final project approval from the Federal Energy Regulatory Commission, which is set to vote on the company's plan Thursday. -By Ben Lefebvre, Dow Jones Newswires; 713-547-9201; ben.lefebvre@dowjones.com Order free Annual Report for BG Group Plc Visit http://djnweurope.ar.wilink.com/?ticker=GB0008762899 or call +44 (0)208 391 6028 Order free Annual Report for Cheniere Energy, Inc. Visit http://djnweurope.ar.wilink.com/?ticker=US16411R2085 or call +44 (0)208 391 6028 Order free Annual Report for HSBC Holdings Plc Visit http://djnweurope.ar.wilink.com/?ticker=US4042804066 or call +44 (0)208 391 6028 Order free Annual Report for JPMorgan Chase & Co., Inc. Visit http://djnweurope.ar.wilink.com/?ticker=US46625H1005 or call +44 (0)208 391 6028 Order free Annual Report for Morgan Stanley Visit http://djnweurope.ar.wilink.com/?ticker=US6174464486 or call +44 (0)208 391 6028

Stock News for Premium Mandatory (CQP)
DateTimeHeadline
08/06/201207:00:30U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
04/16/201213:46:24Cheniere Hires Eight Banks To Arrange $4 Billion In Debt Financing
01/26/201209:26:31BG To Buy 2 Million Tons LNG Over 20-Years From Sabine Pass
12/12/201109:14:50US Stock Futures: HOT STOCKS TO WATCH
12/12/201100:01:46Cheniere Energy Unit Signs Pact To Supply LNG To GAIL India
10/26/201108:37:27BG Group Signs Long Term US LNG Purchase Pact

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