Cheniere Energy Partners has arranged $5.9bn to develop and construct the Trains 3 and 4 of the Sabine Pass Liquefaction Project near the Sabine Pass LNG terminal in Cameron Parish, Louisiana, US.
The liquefaction project will convert the Sabine Pass terminal into a bi-directional facility capable of exporting natural gas and re-gasifying imported LNG.
Cheniere has issued a full notice to Bechtel Oil, Gas and Chemicals to begin construction of Trains 3 and 4.
The credit facilities will fund the costs required to develop, build and put the first four liquefaction trains of the project into service. Each train will have a liquefaction capacity of 4.5 million tons per annum.
Cheniere Energy Partners chairman and CEO Charif Souki said the company has completed all the milestones to start the construction on the first four liquefaction trains by the company’s wholly-owned subsidiary Sabine Pass Liquefaction company.
"Construction on Trains 1 and 2 commenced last August and is approximately 30% complete," Souki added.
"Construction on Trains 3 and 4 will start immediately. First LNG is expected to be delivered by late 2015.
"Additionally, we expect to complete all of the required resource reports to file an application with the FERC by September 2013 for Trains 5 and 6."
In addition, the company has also acquired the Creole Trail Pipeline from subsidiaries of Cheniere Energy.
The Creole Trail Pipeline is a 94 mile pipeline that will be used by the liquefaction project to source domestic natural gas for processing into LNG.