HOUSTON, July 21 /PRNewswire-FirstCall/ -- Cheniere Energy
Partners, L.P. (NYSE Amex: CQP) today declared (i) a cash
distribution per common unit of $0.425 ($1.70
annualized) to unit holders of record as of August 2, 2010, and (ii) a cash distribution of
$229,121.46 to its general partner.
All of these distributions are payable on August 13, 2010.
Cheniere Partners owns 100 percent of the Sabine Pass LNG
receiving terminal located in western Cameron Parish, Louisiana on the Sabine Pass
Channel. Construction is complete and the terminal is now operating
with sendout capacity of 4.0 Bcf/d and storage capacity of 16.9
Bcfe. Additional information about Cheniere Energy Partners,
L.P. may be found on its website:
www.cheniereenergypartners.com.
US Income Tax Withholding on MLP Distributions Received by
Non-US Unitholders
This 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 Energy Partners,
L.P.'s distributions to foreign investors are attributable to
income that is effectively connected with a United States trade or business.
Accordingly, all of Cheniere Energy Partners, L.P.'s
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.
This press release contains certain statements that may include
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. 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 Energy Partners'
business strategy, plans and objectives and (ii) statements
expressing beliefs and expectations regarding the development of
Cheniere Energy Partners' LNG receiving terminal business.
Although Cheniere Energy 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
Energy 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 Energy
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 Energy Partners does
not assume a duty to update these forward-looking statements.
SOURCE Cheniere Energy Partners, L.P.