Profile: Cheniere Energy Partners LP (CQP)

CQP on American Stock Exchange

33.80USD
17 Apr 2014
Price Change (% chg)

$-0.11 (-0.32%)
Prev Close
$33.91
Open
$34.29
Day's High
$34.43
Day's Low
$33.67
Volume
180,268
Avg. Vol
221,806
52-wk High
$34.43
52-wk Low
$24.35

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Cheniere Energy Partners, L.P. (Cheniere Partners) is a limited partnership formed by Cheniere Energy, Inc. (Cheniere). Through the Company’s wholly owned subsidiary, Sabine Pass LNG, it owns and operates the Sabine Pass LNG terminal located in western Cameron Parish, Louisiana on the Sabine Pass Channel. The Sabine Pass LNG terminal has regasification capacity of approximately four billion cubic feet per day and five liquid natural gas (LNG) storage tanks with an aggregate LNG storage capacity of approximately 16.9 billion cubic feet along with two unloading docks capable of handling the LNG carriers. Approximately one-half of the receiving capacity at the Sabine Pass LNG terminal is contracted to two international oil companies. The Company is developing a project to add liquefaction capabilities at the Sabine Pass LNG terminal through a wholly owned subsidiary, Sabine Pass Liquefaction, LLC (Sabine Pass Liquefaction).

Sabine Pass LNG Terminal

The Company has constructed the Sabine Pass LNG terminal in western Cameron Parish, Louisiana, on the Sabine Pass Channel. It has long-term leases for five tracts of land consisting of 1,015 acres. As of December 31, 2011, the Company was operating LNG receiving facilities at the terminal with regasification capacity of approximately four billion cubic feet per day (with peak capacity of approximately 4.3 billion cubic feet per day) and aggregate LNG storage capacity of approximately 16.9 billion cubic feet. In addition, it is developing LNG liquefaction facilities at the terminal, which are designed for up to four LNG trains, each with a nominal production capacity of approximately 4.5 million metric tons per annum. Approximately two billion cubic feet per day of the regasification capacity at the Sabine Pass LNG terminal has been reserved under two long-term third-party terminal use agreements (TUAs).

Company Address

Cheniere Energy Partners LP

SUITE 800, 700 MILAM ST.
HOUSTON   TX   77002
P: +1713.3755000
F: +1713.3756000

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