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

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

Delayed Quote. Delayed  - 08/24 09:26:37 pm
43.03 USD   -3.30%
08/09 CHENIERE ENERGY : reports 2Q loss
06/27 CHENIERE ENERGY : to Attend J.P. Morgan Inaugural Energy Equity Inve..
06/23 CHENIERE ENERGY : to Attend J.P. Morgan Inaugural Energy Equity Inve..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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 CEST

--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.
08/09 CHENIERE ENERGY : reports 2Q loss
08/09 CHENIERE ENERGY INC : Results of Operations and Financial Condition, Financial S..
08/09 CHENIERE ENERGY : MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AN..
06/27 CHENIERE ENERGY : to Attend J.P. Morgan Inaugural Energy Equity Investor Confere..
06/23 CHENIERE ENERGY : to Attend J.P. Morgan Inaugural Energy Equity Investor Confere..
06/14 CHENIERE ENERGY INC : Entry into a Material Definitive Agreement, Creation of a ..
06/08 CHENIERE ENERGY : Announces Results of Shareholder Meeting and Appointment of Ja..
06/08 CHENIERE ENERGY INC : Regulation FD Disclosure (form 8-K)
06/06 CHENIERE ENERGY INC : Change in Directors or Principal Officers, Submission of M..
06/06 CHENIERE ENERGY : Announces Results of Shareholder Meeting and Appointment of Ja..
More news
Sector news : Natural Gas Pipeline
04:25aDJCustomers Pull Contracts for Spectra Pipeline Effort
03:11aDJCustomers Pull Contracts for Spectra Pipeline Effort After Massachusetts Ruli..
02:59aDJBig Customers Abandon Spectra Pipeline Project After Massachusetts Court Ruli..
08/23DJOil Pipeline Project to Remain Stalled at Missouri River
08/23DJOil Pipeline Project to Remain Stalled at Missouri River
More sector news : Natural Gas Pipeline
News from SeekingAlpha
10:28a U.S. liquefied natural gas for China arrives via expanded Panama Canal
05:07a Why Cheniere Energy Is Set To Break Out
08/22 Insider Weekends - August 19, 2016
08/22 Calculating The Impact Of LNG Exports On The Price Of Natural Gas
08/22 Tracking Ole Andreas Halvorsen's Viking Global Portfolio - Q2 2016 Update
Advertisement
Financials ($)
Sales 2016 808 M
EBIT 2016 -35,5 M
Net income 2016 -534 M
Debt 2016 15 416 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017
EV / Sales 2016 32,1x
EV / Sales 2017 11,8x
Capitalization 10 488 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 12
Average target price 54,8 $
Spread / Average Target 23%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jack A. Fusco President, Chief Executive Officer & Director
G. Andrea Botta Chairman
Michael J. Wortley Chief Financial Officer & Senior Vice President
David B. Kilpatrick Lead Independent Director
Nuno Brandolini Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CHENIERE ENERGY, INC.20.81%10 488
SPECTRA ENERGY CORP.51.42%25 415
SNAM SPA2.69%19 779
ENERGY TRANSFER EQUITY..32.10%18 963
ONEOK PARTNERS LP33.02%11 456
ONEOK, INC.95.78%10 159
More Results