Quarterly report pursuant to Section 13 or 15(d)

Debt - Credit Facilities Table (Details)

v3.20.2
Debt - Credit Facilities Table (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Line of Credit Facility [Line Items]        
Outstanding balance - current $ 338 $ 338   $ 0
Repayments of Debt   6,324 $ 2,237  
2020 SPL Working Capital Facility [Member]        
Line of Credit Facility [Line Items]        
Original facility size [1] 1,200 1,200    
Incremental commitments [1] 0 0    
Outstanding balance [1] 0 0    
Commitments prepaid or terminated [1] 0 0    
Letters of credit issued [1] 413 413    
Available commitment [1] 787 $ 787    
Debt Instrument, Description of Variable Rate Basis   LIBOR or base rate    
Maturity date [1]   Mar. 19, 2025    
2020 SPL Working Capital Facility [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Line of Credit Facility, Commitment Fee Percentage   0.10%    
2020 SPL Working Capital Facility [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Line of Credit Facility, Commitment Fee Percentage   0.30%    
2020 SPL Working Capital Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   1.125%    
2020 SPL Working Capital Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   1.75%    
2020 SPL Working Capital Facility [Member] | Base Rate [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   0.125%    
2020 SPL Working Capital Facility [Member] | Base Rate [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   0.75%    
2019 CQP Credit Facilities [Member]        
Line of Credit Facility [Line Items]        
Original facility size 1,500 $ 1,500    
Incremental commitments 0 0    
Outstanding balance 0 0    
Commitments prepaid or terminated 750 750    
Letters of credit issued 0 0    
Available commitment 750 $ 750    
Debt Instrument, Description of Variable Rate Basis   LIBOR or base rate    
Maturity date   May 29, 2024    
2019 CQP Credit Facilities [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   1.25%    
2019 CQP Credit Facilities [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   2.125%    
2019 CQP Credit Facilities [Member] | Base Rate [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   0.25%    
2019 CQP Credit Facilities [Member] | Base Rate [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   1.125%    
CCH Credit Facility [Member]        
Line of Credit Facility [Line Items]        
Original facility size [2] 8,404 $ 8,404    
Incremental commitments [2] 1,566 1,566    
Outstanding balance [2] 2,627 2,627    
Commitments prepaid or terminated [2] 7,343 7,343    
Letters of credit issued [2] 0 0    
Available commitment [2] $ 0 $ 0    
Debt Instrument, Description of Variable Rate Basis   LIBOR or base rate    
Weighted average interest rate on current debt [2] 1.90% 1.90%    
Maturity date [2]   Jun. 30, 2024    
Repayments of Debt $ 656 $ 656    
CCH Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   1.75%    
CCH Credit Facility [Member] | Base Rate [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   0.75%    
CCH Working Capital Facility [Member]        
Line of Credit Facility [Line Items]        
Original facility size 350 $ 350    
Incremental commitments 850 850    
Outstanding balance - current 141 141    
Commitments prepaid or terminated 0 0    
Letters of credit issued 293 293    
Available commitment $ 766 $ 766    
Debt Instrument, Description of Variable Rate Basis   LIBOR or base rate    
Weighted average interest rate on current debt 1.41% 1.41%    
Maturity date   Jun. 29, 2023    
CCH Working Capital Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   1.25%    
CCH Working Capital Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   1.75%    
CCH Working Capital Facility [Member] | Base Rate [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   0.25%    
CCH Working Capital Facility [Member] | Base Rate [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   0.75%    
Cheniere Revolving Credit Facility [Member]        
Line of Credit Facility [Line Items]        
Original facility size $ 750 $ 750    
Incremental commitments 500 500    
Outstanding balance 375 375    
Commitments prepaid or terminated 0 0    
Letters of credit issued 182 182    
Available commitment $ 693 $ 693    
Debt Instrument, Description of Variable Rate Basis   LIBOR or base rate    
Weighted average interest rate on current debt 1.90% 1.90%    
Maturity date   Dec. 13, 2022    
Cheniere Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   1.75%    
Cheniere Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   2.50%    
Cheniere Revolving Credit Facility [Member] | Base Rate [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   0.75%    
Cheniere Revolving Credit Facility [Member] | Base Rate [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   1.50%    
Cheniere Term Loan Facility [Member]        
Line of Credit Facility [Line Items]        
Original facility size [3] $ 2,620 $ 2,620    
Incremental commitments [3] 75 75    
Outstanding balance [3] 248 248    
Commitments prepaid or terminated [3] 2,075 2,075    
Letters of credit issued [3] 0 0    
Available commitment [3] $ 372 $ 372    
Debt Instrument, Description of Variable Rate Basis   LIBOR or base rate    
Weighted average interest rate on current debt [3] 2.15% 2.15%    
Maturity date [3]   Jun. 18, 2023    
Line of Credit Facility, Commitment Fee Percentage   30.00%    
Repayments of Debt   $ 2,100    
Cheniere Term Loan Facility [Member] | First Anniversary of Closing Date [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument Duration Fee   0.25%    
Cheniere Term Loan Facility [Member] | Second Anniversary of Closing Date [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument Duration Fee   0.50%    
Cheniere Term Loan Facility [Member] | Year 1 [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   2.00%    
Cheniere Term Loan Facility [Member] | Year 1 [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   2.75%    
Cheniere Term Loan Facility [Member] | Year 1 [Member] | Base Rate [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   1.00%    
Cheniere Term Loan Facility [Member] | Year 1 [Member] | Base Rate [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   1.75%    
Cheniere Term Loan Facility [Member] | Year 2 [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   2.50%    
Cheniere Term Loan Facility [Member] | Year 2 [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   3.25%    
Cheniere Term Loan Facility [Member] | Year 2 [Member] | Base Rate [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   1.50%    
Cheniere Term Loan Facility [Member] | Year 2 [Member] | Base Rate [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   2.25%    
Cheniere Term Loan Facility [Member] | Year 3 through maturity [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   3.00%    
Cheniere Term Loan Facility [Member] | Year 3 through maturity [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   3.75%    
Cheniere Term Loan Facility [Member] | Year 3 through maturity [Member] | Base Rate [Member] | Minimum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   2.00%    
Cheniere Term Loan Facility [Member] | Year 3 through maturity [Member] | Base Rate [Member] | Maximum [Member]        
Line of Credit Facility [Line Items]        
Debt Instrument, Basis Spread on Variable Rate   2.75%    
[1] The 2020 SPL Working Capital Facility contains customary conditions precedent for extensions of credit, as well as customary affirmative and negative covenants. SPL pays a commitment fee equal to an annual rate of 0.1% to 0.3% (depending on the then-current rating of SPL), which accrues on the daily amount of the total commitment less the sum of (1) the outstanding principal amount of loans, (2) letters of credit issued and (3) the outstanding principal amount of swing line loans.
[2] We prepaid $656 million of outstanding borrowings under the CCH Credit Facility during the three and nine months ended September 30, 2020 using proceeds from the issuance of the 3.52% CCH Senior Secured Notes.
[3] Borrowings under the Cheniere Term Loan Facility are subject to customary conditions precedent. The remaining commitments under the Cheniere Term Loan Facility are expected to be used to repay and/or repurchase a portion of the remaining principal amount of the 2021 Cheniere Convertible Unsecured Notes and for the payment of related fees and expenses. We pay a commitment fee equal to 30% of the margin for LIBOR loans multiplied by the average daily amount of undrawn commitments. If the Cheniere Term Loan Facility is still outstanding on the first anniversary of the Closing Date, as defined by the credit agreement, we will pay duration fees in an amount equal to 0.25% of the aggregate amount of commitments as of July 10, 2020, which was the date the loans were first borrowed under the Cheniere Term Loan Facility (the “Payment Date”). Furthermore, if the Cheniere Term Loan Facility is still outstanding on the second anniversary of the Closing Date, as defined by the credit agreement, we will pay 0.50% of the aggregate amount of commitments as of the Payment Date. Annual administrative fees must also be paid to the administrative agent for the Cheniere Term Loan Facility. Subject to customary exceptions, we are required to make mandatory prepayments with respect to the Cheniere Term Loan Facility using the net proceeds of certain events on a pro rata basis and on terms consistent with required prepayments under the Cheniere Revolving Credit Facility.