Cheniere Energy Partners, L.P. (NYSE: CQP)

Cheniere Energy Partners, L. P. is a publicly traded Delaware limited partnership formed by Cheniere that provides liquefied natural gas to integrated energy companies, utilities and energy trading companies worldwide. The company owns and operates the Sabine Pass LNG Terminal liquefaction and export facility in Cameron Parish, Louisiana, which has a total production capacity of over 30 mtpa of LNG, five storage tanks with aggregate capacity of approximately 17 Bcfe and vaporizers with regasification capacity of approximately 4 Bcf/d, as well as three marine berths. Through its subsidiary CTPL, it owns and operates a 94 mile natural gas supply pipeline that connects the terminal to major interstate and intrastate pipelines.

Cheniere Energy Partners, L. P. generates revenue primarily through long term sale and purchase agreements and index based contracts for the liquefaction and regasification of natural gas. Under these contracts customers pay fixed fees for contracted volumes regardless of delivery, plus variable fees tied to Henry Hub prices that cover natural gas procurement, transportation and liquefaction fuel. Revenue is also earned from regasification services and pipeline transportation fees.

Cheniere Energy Partners, L. P. operates one of the largest LNG production facilities in the world, giving it a significant scale advantage in the global liquefied natural gas market. Its long term counterparty arrangements provide stable, predictable cash flows and reduce exposure to spot price volatility. The company benefits from access to low cost U. S. natural gas feedstock and integrated infrastructure that includes storage, vaporization and marine loading capabilities. It competes with other major LNG exporters such as Freeport LNG, Corpus Christi LNG and various projects developed by major integrated energy companies.

Cheniere Energy Partners, L. P. serves integrated energy companies, utilities and energy trading companies across the globe. While specific customer names are not disclosed in the filing, the company's client base includes entities that purchase LNG for power generation, industrial use and residential heating.