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Liquidity
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6 Months Ended |
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Jun. 30, 2012
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| Liquidity [Abstract] | |
| Liquidity |
Liquidity
As of June 30, 2012, we had unrestricted cash and cash equivalents of $137.9 million available to Cheniere. In addition, we had consolidated restricted cash and cash equivalents of $574.2 million (which included cash and cash equivalents and other working capital available to Cheniere Energy Partners, L.P. ("Cheniere Partners"), in which we own an 89.3% interest, and Sabine Pass LNG, L.P. ("Sabine Pass LNG"), a wholly owned subsidiary of Cheniere Partners) designated for the following purposes: $301.4 million to purchase Class B Units from Cheniere Partners; $96.1 million for interest payments related to the Senior Notes described below; $2.5 million for Sabine Pass LNG's working capital; $168.4 million for Cheniere Partners' working capital; and $5.8 million for other restricted purposes.
We had $203.2 million of current debt as of June 30, 2012. See Note 16—"Subsequent Events" for a description of our repayment of the entire outstanding balance of our Convertible Senior Unsecured Notes.
We believe that we will have sufficient unrestricted cash, liquid assets, cash generated from our operations, financing commitments and access to capital markets to satisfy our debt obligations, fund our operations and incur planned expenditures.
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