There are three publicly traded entities within Cheniere.
Cheniere Energy, Inc.(NYSE MKT: LNG) owns 100% of the general partner interest in Cheniere Energy Partners, L.P. and indirectly owns 47.2% of the limited partner interest through its ownership in Cheniere Energy Partners Holdings, LLC of 55.9%. The Sabine Pass LNG terminal, the Creole Trail Pipeline and Sabine Pass liquefaction development projects reside under Cheniere Energy Partners, L.P. Through one of its subsidiaries, Cheniere Energy is developing an LNG export terminal near Corpus Christi, Texas. The Corpus Christi LNG terminal is being designed and permitted for up to three liquefaction trains, with production capacity of 13.5 mtpa. Cheniere is also establishing a marketing business in order to purchase and sell LNG in the short, mid-term markets. Cheniere Marketing has entered into sale and purchase agreements (SPAs) with the Sabine Pass liquefaction and Corpus Christi liquefaction facilities under which it can purchase all excess LNG that is made available as described in the SPAs. Cheniere continues to evaluate the energy markets for additional development and/or marketing opportunities.
Cheniere Partners Holdings (NYSE: CQH) owns a 55.9% limited partner interest in Cheniere Energy Partners, L.P. It was formed in 2013 and its sole business is to own Cheniere Energy Partners, L.P. units. Cheniere Partners Holdings was formed to attract investors that desire to invest in Cheniere Energy Partners, L.P. without the tax and other complexities arising from the ownership of master limited partnership securities. Results of operations and financial condition are dependent on the performance of Cheniere Energy Partners, L.P.
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 developing a liquefaction project adjacent to the Sabine Pass LNG terminal for up to six liquefaction trains with aggregate LNG export production volumes of approximately 27 mtpa. Construction has begun on LNG Trains 1 through 4 at the Sabine Pass LNG terminal. Trains 5 and 6 are in the permitting process, which is expected to be completed in 2015.