Bond sales to raise funds for LNG facility

Sabine Pass Liquefaction LLC is trying to raise $1.5 billion through two bond sales to help build the first two units of a natural gas liquefaction export facility in Cameron Parish.

Sabine Pass Liquefaction is a owned by Houston-based Cheniere Energy Partners LP.

The senior secured notes will be used instead of part of a $3.6 billion term loan.

In February, Cheniere announced that Sabine Pass Liquefaction had successfully raised $1.5 billion through a bond sale.

In August, Cheniere said it had given Bechtel Oil, Gas and Chemicals Inc. permission to begin work on the two units. Cheniere estimated the project’s cost at $5.6 billion.