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). Sabine Pass LNG terminal The Sabine Pass LNG terminal includes existing infrastructure of five liquefied natural gas (LNG) storage tanks with capacity of approximately 16.9 billion cubic feet equivalent (Bcfe), two docks that can accommodate vessels with nominal capacity of up to 266,000 cubic meters and vaporizers with regasification capacity of approximately 4.0 billion cubic feet per day (Bcf/d). The company is in the process of developing and constructing natural gas liquefaction facilities at the Sabine Pass LNG terminal adjacent to the existing regasification facilities through its wholly owned subsidiary, Sabine Pass Liquefaction. The company also owns the 94-mile Creole Trail Pipeline through its wholly owned subsidiary, Cheniere Creole Trail Pipeline, L.P. (CTPL), which interconnects the Sabine Pass LNG terminal with large interstate pipelines. Regasification Facilities The Sabine Pass LNG terminal has operational regasification capacity of approximately 4.0 b Bcf/d and aggregate LNG storage capacity of approximately 16.9 Bcfe. Liquefaction Facilities The Liquefaction Project is being developed and constructed at the Sabine Pass LNG terminal adjacent to the existing regasification facilities. The company has received authorization from the Federal Energy Regulatory Commission (the FERC) to site, construct and operate Trains 1 through 4. Pipeline Facilities CTPL owns the Creole Trail Pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with large interstate pipelines. In 2013, CTPL began construction of certain modifications to allow the Creole Trail Pipeline to be able to transport natural gas to the Sabine Pass LNG terminal. Business Strategy The company’s primary business strategy is to develop, construct and operate assets supported by long-term, fixed fee contracts. The company plans to implement its strategy by: 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 (LNG sale and purchase agreement) 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; developing business relationships for the marketing of 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 the company or third parties or its own development of the Liquefaction Project or complementary businesses or assets such as other LNG facilities, midstream assets, natural gas storage assets and natural gas pipelines. Regulations The Sabine Pass LNG terminal is subject to extensive regulation under federal, state and local statutes, rules, regulations and laws. Federal Energy Regulatory Commission: In order to site and construct the Sabine Pass LNG terminal, the company received and is required to maintain authorization from the FERC under Section 3 of the Natural Gas Act of 1938 (NGA). Pipelines: The Creole Trail Pipeline is subject to regulation by the U.S. Department of Transportation (DOT), under the Pipeline and Hazardous Material Safety Administration (PHMSA), pursuant to which the PHMSA has established requirements relating to the design, installation, testing, construction, operation, replacement and management of pipeline facilities. 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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