HOUSTON–(BUSINESS WIRE)–Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE American:
CQP) today declared (i) a cash distribution per common and subordinated
unit of $0.60 ($2.40 annualized) to unitholders of record as of May 7,
2019, and (ii) the related distribution to its general partner. All of
these distributions are payable on May 15, 2019.
This press 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 Partners’ distributions to foreign
investors are attributable to income that is effectively connected with
a United States trade or business. Accordingly, all of Cheniere
Partners’ 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.
About Cheniere Partners
Cheniere Partners, through its subsidiary, Sabine Pass Liquefaction, LLC
(“SPL”), is developing, constructing, and operating natural gas
liquefaction facilities at the Sabine Pass LNG terminal located in
Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four
miles from the Gulf Coast. Cheniere Partners, through SPL, plans to
construct six liquefaction trains (“Trains”), which are in various
stages of development, construction, and operations. Trains 1 through 5
are operational and early works have begun for Train 6 under limited
notices to proceed ahead of an anticipated positive Final Investment
Decision. Each Train is expected to have a nominal production capacity,
which is prior to adjusting for planned maintenance, production
reliability, potential overdesign and debottlenecking opportunities, of
approximately 4.5 million tonnes per annum (“mtpa”) of LNG and a run
rate adjusted nominal production capacity of approximately 4.5 to 4.9
mtpa of LNG.
Through its wholly owned subsidiary, Sabine Pass LNG, L.P., Cheniere
Partners owns and operates regasification facilities at the Sabine Pass
LNG terminal, which includes pre-existing infrastructure of five LNG
storage tanks with aggregate capacity of approximately 16.9 billion
cubic feet equivalent (“Bcfe”), two marine berths that can each
accommodate vessels with nominal capacity of up to 266,000 cubic meters
and vaporizers with regasification capacity of approximately 4.0 Bcf/d.
Cheniere Partners also owns a 94-mile pipeline that interconnects the
Sabine Pass LNG terminal with a number of large interstate pipelines
through its wholly owned subsidiary, Cheniere Creole Trail Pipeline, L.P.
For additional information, please refer to the Cheniere Partners
website at www.cheniere.com
and Annual Report on Form 10-K for the fiscal year ended December 31,
2018, filed with the Securities and Exchange Commission.
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’ business strategy, plans and objectives, including the
development, 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 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.
Cheniere Energy Partners, L.P.
Megan Light, 713-375-5492