Cheniere Energy Partners LP‘s Sabine Pass Liquefaction LLC has engaged 17 financial institutions for credit facilities to fund the remaining debt necessary to develop and place into service the first four trains of the Sabine Pass liquefaction project. “We will amend and upsize the existing term loan A credit facility that was entered into last year for the financing of the first two trains [see Daily GPI, April 17, 2012], extending the available capacity to accommodate four liquefaction trains,” Cheniere said. Obtaining debt financing is one of the last steps to complete before proceeding with construction of trains 3 and 4.
Alaska Gov. Sean Parnell signed HB 4, which gives the Alaska Gasline Development Corp. (AGDC) authority to develop, finance and operate a gas pipeline from the North Slope, serving Fairbanks and Southcentral Alaska; and SB 21, the “More Alaska Production Act,” which is intended to attract new investment and increase oil production on the North Slope (see Daily GPI, April 16). “This legislation moves Alaska forward in securing a reliable, reasonably-priced, long-term energy solution for Alaskans,” Parnell said of HB 4. The bill also directs AGDC to consider ways to get gas and propane to more Alaskans using other transportation mechanisms. Parnell said the state is “on track” for an oil comeback. “It’s been just over a month since the ‘More Alaska Production Act’ passed, and Alaskans are already seeing the positive effects of a more competitive tax regime with encouraging announcements from several companies.”
Plans for a 346 MW natural gas-fired generation plant in Washington state are on hold for the Kalama Energy Center after Calgary-based Veresen Inc. ended its participation on market concerns, said Energy Northwest. Energy Northwest is conducting a “thorough risk assessment,” a spokesperson told NGI. Energy Northwest has until January 2015 to decide if it wants to retain 50-year lease on a plant site designated near Longview, WA. Given the uncertainty, Williams Northwest Pipeline has withdrawn an application to build a three-mile pipeline lateral to service the proposed project.
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