Cheniere, GE sign $1B service deal for Sabine Pass LNG export terminal

• Cheniere Energy Partners (NYSEMKT:CQP) and GE sign a $1B, 20-year deal to provide services and parts for the Sabine Pass liquefied natural gas export terminal in Louisiana.
• GE will provide spare parts and planned inspections, maintenance services and round-the-clock technical support for the gas turbines and refrigerant compressors on the first four liquefied natural gas trains now under construction at the Sabine Pass export facility.
• Each train will have six gas turbines and is expected to have nominal capacity to produce ~4.5M metric tons/year of LNG.