Cheniere Seeks to Refinance LNG Import Terminal

Bloomberg reports that Cheniere Energy is seeking to refinance $2.1 billion it owes on its Sabine Pass LNG import terminal facilities in Cameron Parish, La.  The import terminal came on-line in 2008-2009, just as American shale gas supplies entering the U.S. gas market caused gas prices to drop to a 16-year low of $1.68/MMBtu.  According to the report, the Sabine Pass LNG terminal has never imported anywhere near its LNG import capacity.



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