HOUSTON, Oct. 13, 2017 /PRNewswire/
-- Cheniere Energy Partners, L.P. ("Cheniere
Partners") (NYSE American: CQP) today announced that Substantial
Completion of Train 4 of the Sabine Pass liquefaction
project in Cameron Parish, Louisiana (the "SPL Project")
was achieved on October 9, 2017.
Commissioning has been completed and Cheniere Partners' EPC partner
Bechtel Oil, Gas and Chemicals, Inc. ("Bechtel") has turned over
care, custody, and control of Train 4 to Cheniere Partners.
Under a sale and purchase agreement ("SPA") with GAIL
(India) Limited, the date of first
commercial delivery for Train 4 of the SPL Project is expected to
occur in March 2018, upon which the
SPA's 20-year term commences.
Over the last 17 months, Cheniere Partners and Bechtel have
declared Substantial Completion on four liquefaction trains at
Sabine Pass. With the achievement
of Substantial Completion, financial results of LNG sales from
Train 4 going forward will be reflected in the statement of
operations of Cheniere Partners and its affiliates.
About Cheniere Partners
Through its wholly owned subsidiary, Sabine Pass LNG, L.P.,
Cheniere Partners owns 100% of the Sabine Pass LNG terminal located
in Cameron Parish, Louisiana, 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 marine
berths 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, constructing and
operating 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, construction and operations. Trains 1 through 4 have
commenced commercial operations, Train 5 is under construction, and
Train 6 is being commercialized and has all necessary regulatory
approvals in place. Each liquefaction 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. SPL has entered into six third-party LNG 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 Quarterly Report on Form 10-Q for the quarter ended
June 30, 2017, 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.
Contacts
Investors
|
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Randy
Bhatia
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713-375-5479
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Megan
Light
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713-375-5492
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Media
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Eben
Burnham-Snyder
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713-375-5764
|
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SOURCE Cheniere Energy Partners, L.P.