...+ Cheniere Energy Inc. (CEI) develops, constructs, and operates liquefied natural gas (LNG) processing facilities in the U.S. Gulf Coast. + CEI has successfully brought four LNG trains into operation at its subsidiary, Sabine Pass Liquefaction LLC (SPLIQ, ###-/Stable). In addition, another train at SPLIQ and two trains at Corpus Christi Liquefaction LLC (CCLIQ, ##-/Stable) are under construction and currently progressing in line with our budget and schedule expectations, with operations scheduled to begin during 2019. + The recent announcement by CEI that CCLIQ had signed an engineering, procurement, and construction (EPC) contract for the construction of a third train does not affect the rating at this time given it is not a formal Final Investment Decision (FID). Construction may proceed now on Train 3 under the current EPC contract without a change order until July 5, 2018, and the agreement with Bechtel does require CEI to issue limited notices to proceed before that date as well. +...
