Cheniere Energy Partners Declares Increase in Quarterly Distributions
July 27 2018 - 8:30AM
Business Wire
Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE
American: CQP) today declared (i) a cash distribution per common
and subordinated unit of $0.56 ($2.24 annualized) to unitholders of
record as of August 6, 2018, and (ii) the related distribution
to its general partner. All of these distributions are payable on
August 14, 2018.
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.
About Cheniere Partners
Cheniere Partners, through its subsidiary, Sabine Pass
Liquefaction, LLC (“SPL”), is developing, constructing, and
operating natural gas liquefaction facilities at the Sabine Pass
LNG terminal located in Cameron Parish, Louisiana, on the
Sabine-Neches Waterway less than four miles from the Gulf Coast.
Cheniere Partners, through SPL, plans to construct up to six
liquefaction trains (“Trains”), which are in various stages of
development, construction, and operations. Trains 1 through 4 are
operational, Train 5 is under construction and Train 6 is being
commercialized and has all necessary regulatory approvals in place.
Each Train is expected to have a nominal production capacity, which
is prior to adjusting for planned maintenance, production
reliability, and potential overdesign, of approximately 4.5 million
tonnes per annum (“mtpa”) of LNG and an adjusted nominal production
capacity of approximately 4.3 to 4.6 mtpa of LNG.
Through its wholly owned subsidiary, Sabine Pass LNG, L.P.,
Cheniere Partners owns and operates regasification facilities at
the Sabine Pass LNG terminal, which includes pre-existing
infrastructure of five LNG storage tanks with aggregate capacity of
approximately 16.9 billion cubic feet equivalent (“Bcfe”), two
marine berths that can each accommodate vessels with nominal
capacity of up to 266,000 cubic meters and vaporizers with
regasification capacity of approximately 4.0 Bcf/d. Cheniere
Partners also owns a 94-mile pipeline that interconnects the Sabine
Pass LNG terminal with a number of large interstate pipelines
through its wholly owned subsidiary, Cheniere Creole Trail
Pipeline, L.P.
For additional information, please refer to the Cheniere
Partners website at www.cheniere.com and Quarterly Report on Form
10-Q for the fiscal quarter ended March 31, 2018, filed with the
Securities and Exchange Commission.
Forward-Looking Statements
This press release contains certain statements that may include
“forward-looking statements.” All statements, other than statements
of historical or present facts or conditions, 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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version on businesswire.com: https://www.businesswire.com/news/home/20180727005033/en/
Cheniere Energy Partners, L.P.InvestorsRandy Bhatia, 713-375-5479Megan Light,
713-375-5492orMediaEben
Burnham-Snyder, 713-375-5764
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