HOUSTON, Jan. 23, 2018 /PRNewswire/ -- Cheniere
Energy Partners, L.P. ("Cheniere Partners") (NYSE American: CQP)
today declared (i) a cash distribution per common and subordinated
unit of $0.50 ($2.00 annualized) to unitholders of record as of
February 2, 2018, and (ii) the related distribution to its
general partner. All of these distributions are payable on
February 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
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 aggregate 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 are
operational, 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 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 Quarterly Report on Form 10-Q for
the quarter ended September 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:
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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.