Cheniere Partners Holdings Reports Fourth Quarter and Year End 2013 Results

 Cheniere Partners Holdings Reports Fourth Quarter and Year End 2013 Results

PR Newswire

HOUSTON, Feb. 21, 2014

HOUSTON, Feb. 21, 2014 /PRNewswire/ --Cheniere Energy Partners LP Holdings,
LLC ("Cheniere Partners Holdings") (NYSE MKT: CQH) reported a net loss of
$54,000 for the quarter and year ended December 31, 2013. Results included
general and administrative expenses.

We were formed by Cheniere Energy, Inc. ("Cheniere") to hold its limited
partner interests in Cheniere Energy Partners, L.P. ("Cheniere Partners"), a
publicly traded limited partnership (NYSE MKT: CQP). Our only business
consists of owning Cheniere Partners' limited partner units, along with cash
or other property that we receive as distributions in respect of such units
and, accordingly, our results of operations and financial condition are
dependent on the performance of Cheniere Partners. We own common units, Class
B units and subordinated units representing an aggregate of approximately
55.9% of the outstanding Cheniere Partners units as of December 31, 2013. We
account for our investment in Cheniere Partners using the equity method of
accounting, and our investment currently has a zero balance due to suspended

Initial Public Offering ("IPO")

On December 12, 2013, we completed our IPO under which we sold 36,000,000
common shares to the public at a price of $20.00 per share. We used the net
proceeds of approximately $665.0 million from our IPO to repay intercompany
indebtedness and payables to Cheniere of approximately $272.0 million and
distributed the remaining proceeds to Cheniere.

Cheniere Partners' Sabine Pass Liquefaction Project Update

Cheniere Partners is developing and constructing natural gas liquefaction
facilities (the "Liquefaction Project") at the Sabine Pass LNG terminal
adjacent to the existing regasification facilities through its wholly owned
subsidiary, Sabine Pass Liquefaction. Cheniere Partners also owns the 94-mile
Creole Trail Pipeline through its wholly owned subsidiary, Cheniere Creole
Trail Pipeline, L.P., which interconnects the Sabine Pass LNG terminal with a
number of large interstate pipelines.

Cheniere Partners continues to make progress on its Liquefaction Project,
which is being developed for up to six natural gas liquefaction trains
("Trains"), each with a nominal production capacity of approximately 4.5
mtpa. Federal Energy Regulatory Commission ("FERC") and Department of Energy
("DOE") approvals for Trains 1 through 4 have been received, and all required
regulatory applications with the FERC and DOE to develop Trains 5 and 6 have
been filed.

The Trains are in various stages of development.

  oConstruction on Trains 1 and 2 began in August 2012, and as of January 31,
    2014, the overall project for Trains 1 and 2 was approximately 57.1%
    complete, which is ahead of the contractual schedule. Based on Cheniere
    Partners' current construction schedule, Cheniere Partners anticipates
    that Train 1 will produce LNG by late 2015.
  oConstruction on Trains 3 and 4 began in May 2013, and as of January 31,
    2014, the overall project for Trains 3 and 4 was approximately 21.6%
    complete. To date, soil stabilization has been completed and pile
    driving, the next critical path item, is underway. Cheniere Partners
    expects Trains 3 and 4 to become operational in late 2016 and 2017,
  oFor Trains 5 and 6, two LNG sale and purchase agreements ("SPAs") have
    been completed for approximately 3.75 mtpa, in aggregate, of LNG volumes
    that commence with the date of first commercial delivery of Train 5. In
    September 2013, the complete application with the FERC was filed. To
    date, authorization has been received from the DOE to export 503 Bcf of
    LNG volumes from Trains 5 and 6 to FTA countries. Non-FTA authorization
    is pending.

Liquefaction Project Timeline
                                Target Date
                                Trains         Trains         Trains
                                1 & 2          3 & 4          5 & 6
                                                              Received FTA
DOE export authorization        Received       Received
                                                              Pending Non-FTA
Definitive commercial           Completed 7.7  Completed 8.3  T5: Completed
agreements                      mtpa           mtpa           T6: 2014
- BG Gulf Coast LNG, LLC        4.2 mtpa       1.3 mtpa
- Gas Natural Fenosa            3.5 mtpa
- KOGAS                                        3.5 mtpa
- GAIL (India) Ltd.                            3.5 mtpa
- Total Gas & Power N.A.                                      2.0 mtpa
- Centrica plc                                                1.75 mtpa
EPC contract                    Completed      Completed      2015
Financing                                                     2015
- Equity                        Completed      Completed
- Debt commitments              Received       Received
FERC authorization
- FERC Order                    Received       Received       2015
- Certificate to commence       Received       Received
Issue Notice to Proceed         Completed      Completed      2015
Commence operations             2015/2016      2016/2017      2018/2019


When Cheniere Partners makes cash distributions to us with respect to our
Cheniere Partners units, we will pay dividends to our shareholders consisting
of the cash that we receive from Cheniere Partners, less income taxes and
reserves established by our Board of Directors.

On February 11, 2014 we announced that our Board of Directors declared a
quarterly cash dividend of $0.017 per common share representing limited
liability company interests in Cheniere Partners Holdings. The dividend will
be payable on March 3, 2014 to shareholders of record as of the close of
business on February 21, 2014.

Cheniere Partners Holdings owns a 55.9% limited partner interest in Cheniere
Partners, a publicly traded limited partnership (NYSE MKT:CQP). Cheniere
Partners Holdings' only business consists of owning Cheniere Partners units,
and, accordingly, its results of operations and financial condition are
dependent on the performance of Cheniere Partners. Cheniere Partners owns and
operates liquefied natural gas ("LNG") regasification facilities and, adjacent
to these facilities, currently has natural gas liquefaction facilities under
construction. Additional information is available on its website

This press release contains certain statements that may include
"forward-looking statements" within the meanings 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 Partners' and Cheniere
Partners Holdings' business strategy, plans and objectives, including the
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 Holdings 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 Holdings' 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 Holdings' 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 Holdings does not
assume a duty to update these forward-looking statements.

Investors: Randy Bhatia: 713-375-5479 Christina Burke: 713-375-5104
Media: Diane Haggard: 713-375-5259

SOURCE Cheniere Energy Partners LP Holdings, LLC

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