Chadbourne acts as counsel on closing of LNG project finance debt facilities totalling $6bn

Chadbourne & Parke has acted as counsel to lenders and Korean export credit agencies in the closing of project finance debt facilities totalling $6bn for Cheniere Energy Partners’ $12bn Sabine Pass Liquefaction Project.

When construction is completed, Sabine Pass LNG will become the first bidirectional LNG facility in the world capable of both gasifying imported LNG and liquefying domestic natural gas supplies for export.

Chadbourne represented approximately 40 commercial banks and other financial institutions, Korean ECAs and other Korean policy development institutions that participated in the debt facilities.