Cheniere Partners Declares Quarterly Distributions
January 27 2023 - 08:00AM
Business Wire
Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE
American: CQP) today declared (i) a cash distribution of $1.07 per
common unit to unitholders of record as of February 6, 2023,
comprised of a base amount equal to $0.775 and a variable amount
equal to $0.295, and (ii) the related distribution to its general
partner. These distributions are payable on February 14, 2023.
Publicly traded partnerships that earn net income in a calendar
year that is effectively connected with the conduct of a US trade
or business are generally required to withhold US income tax from
distributions paid to foreign persons. The portion of our quarterly
cash distributions that are paid to foreign persons will generally
be subject to US withholding tax.
This press release serves as qualified notice to nominees as
provided for under Treasury Regulation Section 1.1446-4 and
1.446(f)-4. Please note that 100 percent of Cheniere Partners’
distributions to foreign investors are attributable to income that
is effectively connected with a US trade or business and subject to
withholding under Treasury Regulation Sections 1.1446-1 – 1.1446-6.
Accordingly, all of Cheniere Partners’ distributions to foreign
investors are subject to federal income tax withholding at the
highest applicable effective tax rate. Furthermore, 100 percent of
Cheniere Partners’ distributions to foreign investors is in excess
of cumulative net income for purposes of Treasury Regulation
Section 1.1446(f)-4(c)(2)(iii). Nominees are treated as withholding
agents responsible for withholding distributions received by them
on behalf of foreign investors.
About Cheniere Partners
Cheniere Partners owns the Sabine Pass LNG terminal located in
Cameron Parish, Louisiana, which has natural gas liquefaction
facilities consisting of six liquefaction Trains with a total
production capacity of approximately 30 million tonnes per annum of
liquefied natural gas (“LNG”). The Sabine Pass LNG terminal also
has operational regasification facilities that include five LNG
storage tanks, vaporizers, and three marine berths. Cheniere
Partners also owns the Creole Trail Pipeline, which interconnects
the Sabine Pass LNG terminal with a number of large interstate and
intrastate pipelines.
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, 2022, 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’ financial and operational guidance, business
strategy, plans and objectives, including the development,
construction and operation of liquefaction facilities, (ii)
statements regarding Cheniere Partners’ anticipated quarterly
distributions and ability to make quarterly distributions at the
base amount or any amount, (iii) statements regarding regulatory
authorization and approval expectations, (iv) statements expressing
beliefs and expectations regarding the development of Cheniere
Partners’ LNG terminal and liquefaction business, (v) statements
regarding the business operations and prospects of third-parties,
(vi) statements regarding potential financing arrangements, and
(vii) 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/20230126005716/en/
Cheniere Partners Investors Randy
Bhatia 713-375-5479 Frances Smith 713-375-5753
Media Relations Eben Burnham-Snyder
713-375-5764
Cheniere Energy Partners (AMEX:CQP)
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