Sabine Pass Liquefaction LLC engaged 18 financial institutions as joint lead arrangers for about $5.8 billion in debt facilities related to the Sabine Pass liquefaction project in Cameron Parish, La., Cheniere Energy Partners LP said June 29.

About $4.6 billion of credit facilities will be upsized and amended, and there is about $1.2 billion in a revolving credit facility. The funding available for the development, construction and placement into service of the first five liquefaction trains in the project will be increased, Cheniere said. General business purposes will also be supported.

The project will feature six trains capable of producing about 4.5 million tonnes per annum (mtpa) of LNG. Trains 1 and 2 were about 90.8% complete on May 31. Trains 3 and 4 were about 67.7% complete, and Cheniere Partners received all regulatory approvals to construct and operate Trains 5 and 6. Cheniere Partners will close the credit facilities and issue Bechtel Oil Gas and Chemicals Inc. a notice to proceed on Train 5.

Cheniere Partners entered into six third-party LNG agreements that are equal to 19.75 mtpa. They also will begin the day that first commercial delivery of Trains 1 through 5 takes place.

Cheniere Partners fully owns the Sabine Pass LNG deepwater shipping terminal, which has five storage tanks that can hold 16.9 billion cubic feet equivalent (Bcfe) of LNG, two docks for vessels with 266Mcm capacity and vaporizers with about 4Bcf/d of regasification capacity.

Cheniere Energy Inc. is based in Houston.