Quarterly report pursuant to Section 13 or 15(d)

Debt - Credit Facilities Table (Details)

v3.21.1
Debt - Credit Facilities Table (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2021
USD ($)
Rate
2020 SPL Working Capital Facility [Member]  
Line of Credit Facility [Line Items]  
Original facility size $ 1,200 [1]
Incremental commitments 0 [1]
Outstanding balance 0 [1]
Commitments prepaid or terminated 0 [1]
Letters of credit issued 413 [1]
Available commitment $ 787 [1]
Debt Instrument, Description of Variable Rate Basis LIBOR or base rate
Maturity date Mar. 19, 2025 [1]
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 | 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 | 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 | 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 | Rate 0.75%
2019 CQP Credit Facilities [Member]  
Line of Credit Facility [Line Items]  
Original facility size $ 1,500
Incremental commitments 0
Outstanding balance 0
Commitments prepaid or terminated 750
Letters of credit issued 0
Available commitment $ 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 | 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 | 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 | 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 | Rate 1.125%
CCH Credit Facility [Member]  
Line of Credit Facility [Line Items]  
Original facility size $ 8,404
Incremental commitments 1,566
Outstanding balance 2,627
Commitments prepaid or terminated 7,343
Letters of credit issued 0
Available commitment $ 0
Debt Instrument, Description of Variable Rate Basis LIBOR or base rate
Weighted average interest rate on current debt 1.86%
Maturity date Jun. 30, 2024
CCH Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]  
Line of Credit Facility [Line Items]  
Debt Instrument, Basis Spread on Variable Rate | Rate 1.75%
CCH Credit Facility [Member] | Base Rate [Member]  
Line of Credit Facility [Line Items]  
Debt Instrument, Basis Spread on Variable Rate | Rate 0.75%
CCH Working Capital Facility [Member]  
Line of Credit Facility [Line Items]  
Original facility size $ 350
Incremental commitments 850
Outstanding balance - current 0
Commitments prepaid or terminated 0
Letters of credit issued 293
Available commitment $ 907
Debt Instrument, Description of Variable Rate Basis LIBOR or base rate
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 | 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 | 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 | 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 | Rate 0.75%
Cheniere Revolving Credit Facility [Member]  
Line of Credit Facility [Line Items]  
Original facility size $ 750
Incremental commitments 500
Outstanding balance 0
Commitments prepaid or terminated 0
Letters of credit issued 0
Available commitment $ 1,250
Debt Instrument, Description of Variable Rate Basis LIBOR or base rate
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 | 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 | 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 | 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 | Rate 1.50%
Cheniere Term Loan Facility [Member]  
Line of Credit Facility [Line Items]  
Original facility size $ 2,620 [2]
Incremental commitments 75 [2]
Outstanding balance 0 [2]
Commitments prepaid or terminated 2,323 [2]
Letters of credit issued 0 [2]
Available commitment $ 372 [2]
Debt Instrument, Description of Variable Rate Basis LIBOR or base rate
Maturity date Jun. 18, 2023 [2]
Line of Credit Facility, Commitment Fee Percentage 30.00%
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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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 | 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] 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.