A U.S. natural-gas company announced Friday it received loan commitments of more than $3 billion to fund development of a liquefied natural gas (LNG) plant in Louisiana. Cheniere Energy Partners said it received firm financial commitments for about $3.4 billion to fund the development of the first two liquefaction trains of the Sabine Pass LNG project. The Federal Energy Regulatory Commission (FERC) announced in April it approved a proposal by Sabine Pass LNG to build and operate an LNG facility for exports of U.S. natural gas. It was the federal government's first authorization for LNG exports from the United States. Cheniere owns 100 percent of the Sabine Pass LNG receiving terminal, which has a regasification capacity of 4 billion cubic feet per day.
