Cheniere Energy, Inc.(NYSE MKT: LNG), is a Houston-based energy company primarily engaged in LNG-related businesses. Cheniere owns and operate the Sabine Pass LNG receiving terminal and Creole Trail Pipeline in Louisiana through a partial ownership interest and management agreements with Cheniere Energy Partners, which is a publicly traded partnership created in 2007.
Cheniere has also initiated a project to develop an LNG terminal near Corpus Christi, Texas. The Corpus Christi LNG terminal is being designed and permitted for up to three modular LNG trains, with aggregate peak capacity of up to 15 mtpa. Cheniere’s Corpus Christi LNG project is subject, but not limited to, obtaining regulatory approvals, entering into long-term customer contracts sufficient to underpin financing of the project, entering into an engineering, procurement and construction contract, and Cheniere making a final investment decision.
Cheniere Partners Holdings (NYSE: CQH) owns a 55.9% limited partner interest in Cheniere Partners, a publicly-traded limited partnership (NYSE MKT:CQP). Our only business will consist of owning Cheniere Partners units, and, accordingly, our results of operations and financial condition will be dependent on the performance of Cheniere Partners. Cheniere Partners owns and operates liquefied natural gas (“LNG”) regasification facilities and, adjacent to these facilities, currently has natural gas liquefaction facilities under construction (the “Liquefaction Project”). Cheniere Holdings was formed to hold the Cheniere Partners limited partner interests that are owned by Cheniere, thereby allowing Cheniere to segregate its lower risk, stable, cash flow generating assets from its higher risk, early stage development projects and marketing activities. Cheniere Holdings will fund Cheniere’s early stage development projects and marketing activities and provide Cheniere with a lower-cost source of capital funding than other alternatives. Cheniere Holdings was formed to attract investors that desire to invest in Cheniere Partners without the tax and other complexities arising from the ownership of master limited partnership securities.
Cheniere Energy Partners, L.P., (NYSE MKT: CQP), owns and operates the existing Sabine Pass regasification terminal and the 94-mile Creole Trail Pipeline in southwestern Louisiana. Cheniere Energy Partners is also constructing a liquefaction project adjacent to the Sabine Pass LNG terminal for up to six LNG trains with aggregate LNG export volumes of approximately 27 mtpa. Construction has begun on LNG trains 1 through 4 at the Sabine Pass LNG terminal.