Cheniere Energy, Inc. (LNG) News: Final Stage, Sabine Update, A Risk & More

Editor’s Note: Related tickers: Cheniere Energy, Inc. (NYSEAMEX:LNG), ConocoPhillips (NYSE:COP), Reliance Industrial Infrastructure Ltd. (NSE:RIIL)

Cheniere Energy, Inc. (NYSEMKT:LNG)Cheniere reaches final investment decision on Trains 3, 4 (OGJ)
Cheniere Energy, Inc. (NYSEAMEX:LNG), Houston, has reached final investment decision (FID) to construct Trains 3 and 4 of its planned six-train Sabine Pass liquefaction project, the company reported. It has issued a “notice to proceed with construction” to Bechtel Oil, Gas & Chemicals Inc. Chairman and Chief Executive Officer Charif Souki said, “We have completed all milestones to start construction on the first four liquefaction trains being developed by Sabine Liquefaction.” Each train will have nominal capacity to produce 4.5 million tonnes/year (tpy).

Cheniere Closes $5.9B Financing For Sabine Pass LNG Project (Law360)
A subsidiary of Cheniere Energy, Inc. (NYSEAMEX:LNG) closed a $5.9 billion financing package Tuesday to fund the second stage of its massive natural gas liquefaction and transportation project in Louisiana with a consortium of banks and Korean financial institutions, the oil and gas firm said Wednesday. Houston-based Cheniere Energy, Inc. (NYSEAMEX:LNG), the operating company for the Sabine Pass LNG terminal project, secured a primary $4.4 billion loan from a syndicate of 27 banks to fund construction of two new gas processing facilities at the Sabine Pass site. The energy firm also closed a $750 million term loan secured by Korea Trade Insurance Corp. and $750 million in direct and term loans from the Export-Import Bank of Korea.

Canada’s LNG market share at risk after U.S. approval of export project: Citi Research (FinancialPost)
Canada risks ceding market share to the United States in the Pacific as exports of liquefied natural gas from the Gulf of Mexico ramp up, the managing director and global head of commodities at Citi Research says. …Freeport, partly owned by ConocoPhillips (NYSE:COP) and Osaka Gas Co Ltd., can export up to 1.4 billion cubic feet of gas a day for 20 years, the U.S. DoE said, joining Cheniere Energy, Inc. (NYSEAMEX:LNG) as the only other project to win approval so far. Japan, the world’s top LNG importer, is actively seeking new supply agreements to replace contracts that start to expire in 2015, Ed Morse said during an energy forum in Calgary on Wednesday.

Reliance sees payoff in U.S. gas as India output slumps (Fuelfix)
Reliance Industrial Infrastructure Ltd. (NSE:RIIL), owned by Mukesh Ambani the world’s richest energy billionaire, spent the last three years wagering $5.7 billion on North American shale oil and gas. That may now be paying off as earnings from U.S. output eclipses those in India for the first time. …The department in May conditionally approved the Freeport LNG project in Texas, concluding overseas sales will bring net economic benefits to the U.S. Cheniere Energy, Inc. (NYSEAMEX:LNG)’s Sabine Pass terminal in Louisiana is the only LNG project with full government approval for exports.