Cheniere Energy Partners LP
) - a subsidiary of energy company
Cheniere Energy Inc.
) - recently took the final investment decision for Sabine Pass
Liquefaction project. Located adjacent to the Sabine Pass
Liquefied Natural Gas terminal, the project includes development
and building of trains 3 and 4.
The board of directors of CQP had issued a notice to Bechtel Oil,
Gas and Chemicals Inc. to start the construction work for trains
3 and 4. Sabine Pass Liquefaction LLC, a wholly owned affiliate
of CQP also closed credit facilities totaling $5.9 billion,
together with a Term Loan A credit facility of $4.4 billion.
These credit facilities fulfill the fund requirement for the
start-up and development of the first four liquefaction trains of
Construction work on trains 1 and 2 started last August and is
about 30% complete. The first LNG is likely to be delivered by
Simultaneously, CQP also concluded the purchase of the Creole
Trail pipeline from another subsidiary of Cheniere Energy Inc.
The pipeline is 94 miles long and will be used by the
Liquefaction project to source domestic natural gas for Liquefied
Natural Gas processing.
CQP is the owner and the operator of the Sabine Pass Liquefied
Natural Gas terminal through its wholly owned affiliate. The LNG
terminal spreads over 1,000 acres of land and is based in western
Cameron Parish, La.
The partnership currently retains a Zacks Rank #3 (Hold),
implying that it is expected to perform in line with the broader
U.S. equity market over the next 1 to 3 months.
Meanwhile, investors can consider other energy
production/pipeline entities like
EQT Midstream Partners LP
Oiltanking Partners LP
) as attractive investments. Both these firms sport a Zacks Rank
#1 (Strong Buy).
CHENIERE ENERGY (CQP): Get Free Report
EQT MIDSTRM PTR (EQM): Free Stock Analysis
CHENIERE ENERGY (LNG): Free Stock Analysis
OILTANKING PTNR (OILT): Free Stock Analysis
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