Cheniere Energy Partners, L.P., through its subsidiary, Sabine Pass LNG, L.P., owns and operates the regasification facilities at the Sabine Pass LNG terminal. The company is subsidiary of Cheniere Energy, Inc. (Cheniere). The Sabine Pass LNG Terminal The Sabine Pass LNG terminal is located on the Sabine Pass deep water shipping channel approximately 4 miles from the Gulf Coast. The Sabine Pass LNG terminal includes existing infrastructure of five liquefied natural gas (LNG) storage tanks, two docks that could accommodate vessels with capacity of approximately 265,000 cubic meters, and vaporizers. The company 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, LLC (Sabine Pass Liquefaction). As of December 31, 2013, Sabine Pass Liquefaction had third-party LNG sale and purchase agreements (SPAs), such as BG Gulf Coast LNG, LLC; Gas Natural Aprovisionamientos SDG S.A.; Korea Gas Corporation; and GAIL (India) Limited. Regasification Facilities The Sabine Pass LNG terminal has operational regasification capacity of approximately 4.0 billion cubic feet per day and aggregate LNG storage capacity of approximately 16.9 billion cubic feet equivalent. Liquefaction Facilities The Liquefaction Project is being developed at the Sabine Pass LNG terminal adjacent to the existing regasification facilities. The company commenced construction of Trains (compressor trains) 1 and 2 and the related new facilities needed to treat, liquefy, store, and export natural gas. Pipeline Facilities The company’s wholly owned subsidiary, Cheniere Creole Trail Pipeline, L.P., owns the Creole Trail Pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines. Business Strategy The company’s primary business strategy is to develop, construct, and operate assets supported by long-term, fixed fee contracts. Its strategy include completing construction and commencing operation of its Trains; developing and operating its Trains safely, efficiently, and reliably; making LNG available to its long-term SPA customers to generate steady and reliable revenues and operating cash flows; safely maintaining and operating the Sabine Pass LNG terminal and the Creole Trail Pipeline; utilizing capacity at the Sabine Pass LNG terminal for short-term and spot LNG purchases and sales until such capacity is used in connection with the Liquefaction Project; developing business relationships for marketing additional long-term and short-term agreements for additional LNG volumes at the Sabine Pass LNG terminal; and expanding its existing asset base through acquisitions from Cheniere or third parties or its own development of the Liquefaction Project or complementary businesses or assets, such as other LNG facilities, natural gas storage assets, and natural gas pipelines. Governmental Regulation In order to site and construct the Sabine Pass LNG terminal, the company received and is required to maintain authorization from the Federal Energy Regulatory Commission under Section 3 of the Natural Gas Act of 1938. The Creole Trail Pipeline is subject to regulation by the U.S. Department of Transportation, under the Pipeline and Hazardous Material Safety Act (PHMSA), pursuant to which the PHMSA has established requirements relating to the design, installation, testing, construction, operation, replacement, and management of pipeline facilities. The Creole Trail Pipeline is also subject to the Pipeline Safety, Regulatory Certainty, and Jobs Creation Act of 2011, which regulates safety requirements in the design, construction, operation, and maintenance of interstate natural gas transmission facilities. The construction and operation of the Sabine Pass LNG terminal are subject to additional federal permits, orders, approvals, and consultations required by other federal agencies, including the Department of Energy, Advisory Council on Historic Preservation, U.S. Army Corps of Engineers, U.S. Department of Commerce, National Marine Fisheries Services, U.S. Department of the Interior, U.S. Fish and Wildlife Service, Environmental Protection Agency, and U.S. Department of Homeland Security. Environmental Regulation The Sabine Pass LNG terminal is subject to the federal Clean Air Act and comparable state and local laws. The Sabine Pass LNG terminal is subject to the review and possible requirements of the Coastal Zone Management Act throughout the construction of facilities located within the coastal zone. The Sabine Pass LNG terminal is subject to the federal Clean Water Act and analogous state and local laws. History Cheniere Energy Partners, L.P. was founded in 2006.
cheniere energy partners lp
(CQP:Consolidated issues listed on NYSE MKT LLC)
700 Milam Street
Houston, TX 77002
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To contact CHENIERE ENERGY PARTNERS LP, please visit www.cheniereenergypartners.com. Company data is provided by Capital IQ. Please use this form to report any data issues.