Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse MKT  >  Cheniere Energy, Inc.    LNG

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Temasek, RRJ Capital Invest $468 Million In Houston-Based Cheniere Energy

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/08/2012 | 05:14am CET

--Investment to help Temasek expand energy and resources portfolio

--Funds will be used to help finance Cheniere's liquefaction expansion in Louisiana

(Recasts lead and adds details throughout including comment from Temasek.)

By Sam Holmes

Of

Singapore state investment firm Temasek Holdings Pte. Ltd. and Hong Kong-based private equity group RRJ Capital will jointly invest US$468 million in Houston-based liquefied natural gas firm Cheniere Energy Inc. (>> Cheniere Energy, Inc.) as the firms look to increase their exposure to energy assets and emerging markets.

Cheniere Energy said Monday in a statement it plans to use proceeds of the investment to purchase US$500 million of the US$2 billion in securities to be issued by its subsidiary, Cheniere Energy Partners, L.P. (>> Cheniere Energy Partners, L.P.), which owns key liquefaction assets and will use its capital raising to finance an expansion of these facilities.

Last month, Cheniere Energy received federal approval to build what would be the first major natural gas export facility in the lower 48 U.S. states, putting the company a step closer to shipping some of America's newly abundant gas abroad. The project would allow Cheniere to become the only large-scale liquefied natural gas exporter in the U.S.

Cheniere still must find about $4 billion in financing to build and develop the export facility, a final step it hopes can be done within the next six months. The company on Monday announced it was working with eight banks to arrange the necessary financing. Cheniere in February secured $2 billion for the project from Blackstone Group LP (BX).

Cheniere said that Temasek and RRJ Capital are also in talks on a partnership focusing on developing LNG sales, marketing and trading relationships in Asian markets.

Greg Lanham, a managing director at Temasek, said the investment will help the group tap into opportunities in Asia which are driven by the energy demand of the growing middle income population.

According to its 2011 annual review, 3% of Temasek's S$193 billion asset portfolio was allocated to energy and resources assets as of March 31, 2011, up from 2% a year earlier. Last month, Temasek and RRJ Capital, a US$2.3 billion fund established by former Goldman Sachs Group Inc. banker Richard Ong, bought shares in a US$1.35 billion share placement by Hong Kong-listed crude oil and natural gas company Kunlun Energy Co. (0135.HK), according to a person familiar with the transaction. Last week, Temasek sold shares in Chinese lenders lenders Bank of China Ltd. (3988.HK) and China Construction Bank Ltd. (0939.HK) via placements, raising a total of US$2.48 billion.

Cheniere Energy operates the Sabine Pass LNG terminal in Louisiana through its 90.6%-owned Cheniere Energy Partners, as well as the Creole Trail Pipeline, which connects the Sabine Pass facility with downstream markets.

Its proposed Sabine Pass liquefaction project would convert the existing terminal at the site into a two-way facility that could liquefy and export natural gas as well as import and regasify foreign-sourced LNG.

-By Sam Holmes, Dow Jones Newswires; +65-6415-4157; samuel.holmes@dowjones.com

Stocks mentioned in the article : Cheniere Energy, Inc., Cheniere Energy Partners, L.P.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CHENIERE ENERGY, INC.
03/17 CHENIERE ENERGY, INC. : Announces Key Commercial Agreements Signed and Binding O..
03/09 CHENIERE ENERGY : Announces Closing of $750 Million Revolving Credit Facility
03/08 CHENIERE ENERGY INC : Entry into a Material Definitive Agreement, Creation of a ..
03/07 CHENIERE ENERGY, INC. (NYSEMKT : LNG) Files An 8-K Entry into a Material Definit..
03/06 CHENIERE ENERGY INC : Entry into a Material Definitive Agreement, Creation of a ..
03/03 CHENIERE ENERGY, INC. : Announces Closing of $750 Million Revolving Credit Facil..
02/28 CHENIERE ENERGY : misses 4Q profit forecasts
02/28 CHENIERE ENERGY INC : Results of Operations and Financial Condition, Financial S..
02/28 CHENIERE ENERGY PARTNERS LP HOLDINGS : Reports Fourth Quarter and Full Year 2016..
02/27 CHENIERE ENERGY, INC. (NYSEMKT : LNG) Files An 8-K Regulation FD Disclosure
More news
Sector news : LNG Transportation & Storage
03/23 HUSKY ENERGY : Canada's Saskatchewan province reviews pipeline rules after Husky..
03/21 Record outbound Canadian M&A gives foreign banks an upper hand
03/20 TSX falls with oil as energy, high-yielding stocks decline
03/15 TRANSCANADA : M2 to build new crude storage facility in Cushing
03/14 TSX hits 2017 low as energy, Valeant weigh
More sector news : LNG Transportation & Storage
News from SeekingAlpha
03/20 Expect Fed Speakers To Send A Hawkish Message
03/17 Cheniere Energy Partners Is Your Stock For The Summer
03/17 Cheniere inks deals for pipeline linking STACK-SCOOP to Gulf Coast, southeast
03/14 Nat gas futures fall again, now -25% YTD in oversupplied market
03/14 LNG Exports Recover From Scare Ahead Of Increased Role In Natural Gas Supply/..
Advertisement
Financials ($)
Sales 2017 3 855 M
EBIT 2017 1 371 M
Net income 2017 189 M
Debt 2017 19 823 M
Yield 2017 0,10%
P/E ratio 2017 26,46
P/E ratio 2018 12,42
EV / Sales 2017 7,89x
EV / Sales 2018 6,67x
Capitalization 10 590 M
More Financials
Chart CHENIERE ENERGY, INC.
Duration : Period :
Cheniere Energy, Inc. Technical Analysis Chart | LNG | US16411R2085 | 4-Traders
Full-screen chart
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 53,7 $
Spread / Average Target 21%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jack A. Fusco President, Chief Executive Officer & Director
G. Andrea Botta Chairman
Doug Shanda Senior Vice President-Operations
Michael J. Wortley Chief Financial Officer & Executive Vice President
Ed Lehotsky Senior Vice President-Engineering & Construction
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CHENIERE ENERGY, INC.6.11%10 457
CHENIERE ENERGY PARTNE..5.63%5 475
QATAR GAS TRANSPORT CO..0.21%3 256
DOMINION MIDSTREAM PAR..6.09%3 076
GOLAR LNG LIMITED (USA..18.44%2 655
RICE MIDSTREAM PARTNER..2.73%2 536
More Results