Cheniere Energy Inc. (NYSE MKT: LNG) announced Jan. 16 that it finalized the equity investment from EIG Management Co. for the Corpus Christ Liquefaction Project for $1.5 billion.

Houston's Cheniere said it entered into a note purchase agreement with EIG finalizing the definitive documentation for the financing under which investment funds managed by EIG will purchase $1.5 billion of convertible notes.

Proceeds will be used to fund the development, construction and placement into service of the Liquefaction Project. The project is being designed for up to three liquefaction trains with an expected aggregate annual production capacity of about 13.5 million tons per annum.

The financing is scheduled to close once Cheniere reaches a positive final investment decision on the Liquefaction Project, which is expected in the first half of 2015.

All financing commitments have been obtained for the Liquefaction Project, including a portion of the proceeds from $1 billion of convertible notes issued by Cheniere in November and about $11.5 billion of debt commitments received from several financial institutions in December.