Cheniere Energy Partners, L.P announced that a Final Investment Decision (FID) has been made for Train 6 at the Sabine Pass liquefaction project in Cameron Parish, Louisiana has been made by the Board of Directors of its general partner. Cheniere has also issued full notice to Bechtel Oil, Gas and Chemicals, Inc. to proceed with construction.
Cheniere has entered into a five year, $1.5 billion senior secured credit facilities with 29 financial institutions, which includes a $750 million delayed draw term loan and a $750 million revolving credit facility, to fund a portion of construction of Train 6, a third liquefied natural gas (LNG) berth, and required supporting infrastructure. SG Americas Securities, LLC acted as financial advisor, and MUFG Bank, Ltd. acted as Sole Coordinating Lead Arranger.
Cheniere raised its run-rate production guidance from 4.5-4.9 million tonnes per annum (mtpa) per train to 4.8-4.9 mpta and revised its annual run rate distributable cash flow per unit guidance from $3.30-3.60 to $3.70-3.90. These increases are based on the impact of production and maintenance optimization and debottlenecking at the SPL project.
