Cheniere Energy Partners, L.P. (NYSE American: CQP) (Cheniere Partners) is a Delaware limited partnership formed by Cheniere Energy, Inc. Through wholly owned subsidiaries, it owns and operates the Sabine Pass LNG receiving terminal and the Creole Trail Pipeline located in western Cameron Parish, Louisiana on the Sabine-Neches Waterway. Its primary business objectives are to generate stable cash flows sufficient to pay the initial quarterly distribution to unitholders and, over time, to increase quarterly cash distributions.
Cheniere Partners is developing, constructing and operating a liquefaction project at the Sabine Pass LNG terminal (the "SPL Project") adjacent to the existing regasification facilities for up to six trains, with expected aggregate nominal production capacity, which is prior to adjusting for planned maintenance, production reliability and potential overdesign, of approximately 27.0 mtpa of LNG. Train 1 commenced operations in May 2016, Train 2 commenced operations in September 2016, Train 3 commenced operations in March 2017 and Train 4 in October of 2017, and Train 5 in February 2019. All regulatory approvals have been received to construct and operate Train 6, and FID was reached in June 2019.