Key Developments: Cheniere Energy Inc (LNG.A)

LNG.A on American Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Cheniere Energy Inc announces pricing of registered direct offering of $625 million of convertible notes
Tuesday, 3 Mar 2015 09:30pm EST 

Cheniere Energy Inc:Announced that it has priced an offering of Cheniere's 4.25 pct. Convertible Senior Notes due 2045 through an SEC registered direct offering.The aggregate principal amount of the offering was $625 million.The Convertible Notes will bear interest at a rate of 4.25 pct. per annum, paid semi-annually in arrears, and will mature on March 15, 2045.Prior to Dec. 15, 2044, the Convertible Notes will be convertible upon the occurrence of certain conditions, and on and after such date will become freely convertible.The Convertible Notes will be convertible into the common stock of Cheniere at an initial conversion price of $138.38 per share, which represents about 170 pct. of the last reported sale price of the common stock of Cheniere on March 3, 2015.Under certain conditions, Cheniere may have the ability to terminate the conversion rights of all or part of the Convertible Notes.In addition, after March 15, 2020, Cheniere may elect to redeem all or part of the notes at a redemption price equal to the accreted amount of the notes to be redeemed, plus any accrued and unpaid interest up to but excluding the redemption date.The net proceeds to Cheniere from the offering of the Convertible Notes, net of any original issue discount, are expected to be about $500 million, before transaction fees and expenses.The net proceeds will be used by Cheniere for general corporate purposes.Closing is expected to occur March 9, 2015.  Full Article

Cheniere Energy Inc to Obtain $1.5 bln in financing from EIG for the Corpus Christi Liquefaction Project
Tuesday, 11 Nov 2014 08:05am EST 

Cheniere Energy Inc:Says it has signed a binding commitment letter with EIG Management Company, LLC (EIG), whereby investment funds managed by EIG have agreed to purchase about $1.5 bln of convertible notes.Proceeds would be used as equity to fund a portion of the costs of developing, constructing and placing into service the Corpus Christi Liquefaction Project.  Full Article

Cheniere Energy Inc and EDF sign 20-year lng sale and purchase agreement
Thursday, 17 Jul 2014 04:49pm EDT 

Cheniere Energy Inc:Announces that its subsidiary, Corpus Christi Liquefaction, LLC, has entered into a liquefied natural gas (LNG) sale and purchase agreement (SPA) with Électricité de France, S.A. (EDF).Under the SPA, EDF will purchase LNG on a free on board basis for a purchase price indexed to the monthly Henry Hub price plus a fixed component. LNG will be loaded onto EDF's vessels.The term of the SPA will extend for twenty years beyond the date of first commercial delivery of the third train of the Corpus Christi Liquefaction Project, with an extension option of up to ten years.  Full Article

Cheniere Energy Inc sign 20-Year LNG sale and purchase agreement
Friday, 30 May 2014 07:30am EDT 

Cheniere Energy Inc:Says its subsidiary, Corpus Christi Liquefaction, LLC enters into liquefied natural gas sale and purchase agreement with Iberdrola, S.A.Says under which Iberdrola has agreed to purchase about 0.4 mln tonnes per annum of LNG upon commencement of operations of Train 1 of LNG export facility being developed near Corpus Christi, Texas and increasing to about 0.8 mtpa of LNG upon commencement of operations of Train 2.  Full Article

Cheniere Energy Inc and Endesa sign 20-year LNG sale and purchase agreement-Reuters
Monday, 7 Apr 2014 02:35pm EDT 

Cheniere Energy Inc:Says Cheniere and Endesa sign 20-year LNG sale and purchase agreement-Reuters.Endesa has agreed to purchase about 0.75 million tonnes per annum of LNG upon commencement of operations from LNG export facility.Says deliveries are expected to occur as early as 2018.Corpus Christi liquefaction project is designed for aggregate design production capacity of 13.5 mtpa of LNG.  Full Article

Cheniere Energy Inc and Endesa sign 20-year LNG sale and purchase agreement
Wednesday, 2 Apr 2014 07:00am EDT 

Cheniere Energy Inc:Says its subsidiary, Corpus Christi Liquefaction, LLC has entered into a liquefied natural gas sale and purchase agreement with Endesa Generacion, S.A.Endesa has agreed to purchase about 1.5 mln tonnes per annum of LNG.  Full Article

Cheniere Energy Inc announces change of public accounting fir - Form 8-K
Monday, 24 Mar 2014 05:16pm EDT 

Cheniere Energy Inc:Approved appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending Dec. 31.Approved dismissal of Ernst & Young LLP as independent registered public accounting firm.  Full Article

Cheniere Energy Inc announces chief financial officer change - Form 8-K
Thursday, 16 Jan 2014 05:09pm EST 

Cheniere Energy Inc:Says effective as of Jan. 14, H. Davis Thames, ceased to serve as the Senior Vice President and Chief Financial Officer of the company.Says Thames is on a personal leave of absence from the company.Says on Jan. 14, the Board of Directors of the company elected Michael J. Wortley as the company’s Senior Vice President and Chief Financial Officer.Says prior to this appointment, Wortley was Vice President, Strategy and Risk of the company.  Full Article

Cheniere Energy Inc enters into lump sum turnkey contracts with Bechtel for Corpus Christi Liquefaction project
Monday, 9 Dec 2013 09:00am EST 

Cheniere Energy Inc:Says its wholly owned subsidiary, Corpus Christi Liquefaction, LLC and Bechtel Oil, Gas and Chemicals, Inc have entered into two lump sum turnkey contracts for the engineering, procurement and construction of LNG trains and related facilities being developed near Corpus Christi, Texas.Says Corpus Christi Liquefaction Project is expected to be constructed in stages, with each LNG train commencing operations on a staggered basis.Says work under the EPC contract is expected to commence in 2014, subject to Corpus Christi Liquefaction reaching a positive final investment decision.Says Operation of the first LNG train is expected to commence in 2018.  Full Article

Cheniere Energy Inc's Subsidiary and Pertamina sign 20 year LNG sale and purchase agreement
Wednesday, 4 Dec 2013 05:55pm EST 

Cheniere Energy Inc:Says its subsidiary, Corpus Christi Liquefaction, LLC, has entered into a liquefied natural gas (LNG) sale and purchase agreement (SPA) with PT Pertamina.Says Pertamina has agreed to purchase about 0.8 million tonnes per annum (mtpa) of LNG upon the commencement of operations from the LNG export facility being developed near Corpus Christi, Texas.Says under the SPA, Pertamina will purchase LNG on an FOB basis for a purchase price indexed to the monthly Henry Hub price plus a fixed component.Says SPA has a term of twenty years commencing upon the date of first commercial delivery and an extension option of up to ten years.Says deliveries are expected to occur as early as 2018.  Full Article

China looks to secure 1st U.S. LNG supplies from Cheniere by 2020

KUALA LUMPUR, May 19 - Chinese buyers are eyeing long-term supplies of liquefied natural gas (LNG) from U.S. company Cheniere Energy, an official from the firm said on Tuesday, in what would be the first LNG deal between the world's two biggest energy users.

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