Cheniere hires advisors to raise funds for LNG plants
Cheniere Energy said it has hired HSBC Securities and Petrie Parkman & Co to help the LNG terminal developer
obtain about $ 1 bn for regasification plants it wants to build at Corpus Christi, Texas, and Sabine Pass, Louisiana.
Both $ 450 mm plants would have peak throughput capacities of 2.6 bn cfpd.
"In the next 18 months, we are looking to arrange funding through a combination of debt and equity of approximately $
1 bn for our LNG regasification facilities at Corpus Christi and Sabine Pass," said Charif Souki, Cheniere chairman
and CEO. Funds would also be used to "provide support" to a proposed 1.5 bn cfpd LNG terminal in Freeport, Texas, in
which Cheniere holds a 30 % stake.
Houston-based Cheniere in May awarded front-end engineering design contracts for the Sabine Pass and Corpus Christi
terminals to Black & Veatch Pritchard.
Cheniere also said it planned to submit applications with the US Federal Energy Regulatory Commission for
construction of both facilities in January 2004.
