Cheniere Energy reports 2011 loss, agrees $2 billion Sabine Pass financing deal

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In a move that will go some way towards tackling its existing debt, Cheniere Energy on Monday said it has agreed on a $2 billion equity arrangement with private equity firm Blackstone Energy to finance the construction of the first two trains at the Sabine Pass liquefaction project in the US state of Louisiana, Reporting its annual results on Friday, Cheniere Energy said it had made an annual loss of $31 million in 2011 compared to a net income of $107.6 million in 2010 – partly due to an increase in development expenses related to the funding of the project.

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