LNG

May 15 (LNGJ) - Cheniere Energy Partners, holding company of the Sabine Pass liquefaction plant for US natural gas exports from the Gulf coast of Louisiana, entered into a unit purchase agreement with investment funds managed by Blackstone Energy Partners and Blackstone Capital Partners. Under the agreement, Blackstone will buy $1.5 billion of newly issued CQP Class B units from Cheniere Partners in a private placement. Cheniere Energy has also agreed to buy $500 million newly issued Class B Units pursuant to a separate unit purchase agreement. Proceeds from the financings will be used to fund the equity portion of the costs of developing, constructing and placing into service the Sabine Pass project, to purchase the Creole Trail Pipeline from Cheniere Energy, and to fund modifications to the Creole Trail Pipeline.