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Cheniere makes share offering to raise cash for Sabine Pass terminal

LNG Industry,

Cheniere Energy Partners, L.P. is selling off 3,000,000 common units to investors at a share price of US$ 15.25.

The company is also privately offering 622,131 common units, at the same price as the public offering, to Cheniere Common Units Holding, LLC, a wholly owned subsidiary of Cheniere Energy, Inc.

Cheniere Partners estimates that the net proceeds from the offerings will be approximately US$ 60 million. Cheniere Partners intends to use the net proceeds for general business purposes, including development costs of its expansion project to add liquefaction capacity at the Sabine Pass LNG terminal.

By adding liquefaction capacity the company is hoping to cash in on exporting surplus shale gas around the world.

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