HOUSTON, April 22, 2016
/PRNewswire/ -- Cheniere Energy Partners, L.P. ("Cheniere
Partners") (NYSE MKT: CQP) today declared (i) a cash distribution
per common unit of $0.425
($1.70 annualized) to unitholders of
record as of May 2, 2016, and (ii)
the related distribution to its general partner. All of these
distributions are payable on May 13,
2016.
Through its wholly-owned subsidiary, Sabine Pass LNG, L.P.,
Cheniere Partners owns 100 percent of the Sabine Pass LNG terminal
located on the Sabine-Neches Waterway less than four miles from the
Gulf Coast. The Sabine Pass LNG terminal includes existing
infrastructure of five LNG storage tanks with capacity of
approximately 16.9 billion cubic feet equivalent (Bcfe), two docks
that can accommodate vessels with nominal capacity of up to 266,000
cubic meters and vaporizers with regasification capacity of
approximately 4.0 Bcf/d. Through its wholly-owned subsidiary,
Cheniere Creole Trail Pipeline, L.P., Cheniere Partners also owns a
94-mile pipeline that interconnects the Sabine Pass LNG terminal
with a number of large interstate pipelines.
Cheniere Partners, through its subsidiary, Sabine Pass
Liquefaction, LLC ("SPL"), is developing and constructing natural
gas liquefaction facilities at the Sabine Pass LNG terminal
adjacent to the existing regasification facilities. Cheniere
Partners, through SPL, plans to construct over time up to six
liquefaction trains, which are in various stages of development and
construction. Trains 1 and 2 are undergoing commissioning, Trains 3
through 5 are under construction and Train 6 is fully permitted.
Each liquefaction train is expected to have a nominal production
capacity of approximately 4.5 million tonnes per annum ("mtpa") of
LNG. SPL has entered into six third-party LNG sale and purchase
agreements ("SPAs") that in the aggregate equate to approximately
19.75 mtpa of LNG and commence with the date of first commercial
delivery of Trains 1 through 5 as specified in the respective SPAs.
For additional information, please refer to the Cheniere Partners
website at www.cheniere.com and Annual Report on Form 10-K for the
fiscal year ended December 31, 2015,
filed with the Securities and Exchange Commission.
This press release serves as qualified notice to nominees as
provided for under Treasury Regulation Section 1.1446-4(b)(4) and
(d). Please note that 100 percent of Cheniere Partners'
distributions to foreign investors are attributable to income that
is effectively connected with a United
States trade or business. Accordingly, all of Cheniere
Partners' distributions to foreign investors are subject to federal
income tax withholding at the highest applicable effective tax
rate. Nominees are treated as withholding agents responsible for
withholding distributions received by them on behalf of foreign
investors.
Forward-Looking Statements
This press release contains certain statements that may include
"forward-looking statements." All statements, other than statements
of historical facts, included herein are "forward-looking
statements." Included among "forward-looking statements" are, among
other things, (i) statements regarding Cheniere Partners' business
strategy, plans and objectives, including the development,
construction and operation of liquefaction facilities, (ii)
statements regarding expectations regarding regulatory
authorizations and approvals, (iii) statements expressing beliefs
and expectations regarding the development of Cheniere Partners'
LNG terminal and liquefaction business, (iv) statements regarding
the business operations and prospects of third parties, (v)
statements regarding potential financing arrangements, and (vi)
statements regarding future discussions and entry into contracts.
Although Cheniere Partners believes that the expectations reflected
in these forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may
prove to be incorrect. Cheniere Partners' actual results could
differ materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in Cheniere Partners' periodic reports that are filed
with and available from the Securities and Exchange Commission. You
should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
Other than as required under the securities laws, Cheniere Partners
does not assume a duty to update these forward-looking
statements.
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SOURCE Cheniere Energy Partners, L.P.