Cheniere to borrow $2 billion for Cameron plant

05 25, 2012 by The Advocate

Houston-based Cheniere Energy Partners L.P. will meet with bankers Tuesday to borrow $2 billion, most of which will go to build a natural gas liquefaction and export facility in Cameron Parish.

Cheniere said it plans to use around $1.3 billion for the Sabine Pass liquefaction plant. Cheniere Partners will use $750 million to acquire the Creole Trail Pipeline, pipeline improvements and modifications, and for general purposes. The pipeline connects the liquefaction facility to intrastate and interstate pipelines that move natural gas.

Cheniere expects to close the borrowing arrangements by the end of June.

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