Cheniere Partners' Board of Directors Makes Positive Decision on 2 Liquefaction Trains; Sees Funding Project with $3.6B Debt and $2B Equity
Cheniere Energy Partners (NYSE: CQP) announced today that its Board of Directors has made a positive final investment decision to construct the first two liquefaction trains of the Sabine Pass liquefaction project (the "Liquefaction Project"). FID is subject to the closing of the debt financing, funding of the initial equity investment by Blackstone Energy Partners L.P., Blackstone Capital Partners VI L.P., and certain affiliates (collectively, "Blackstone"), and funding of the remaining equity investment by Cheniere Energy, Inc. ("CEI").
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.