MENU

Leading North America


in the development, construction and operation of LNG terminals

Sabine Pass TerminalCorpus Christi Project

Investor FAQ - Cheniere Partners: CQP

Who is Cheniere Energy Partners?
Cheniere Energy Partners, L.P. is a Delaware limited partnership that owns 100 percent of the Sabine Pass LNG terminal located on the Sabine Pass Channel in western Cameron Parish, Louisiana and the Creole Trail Pipeline.
What is the ticker for Cheniere Energy Partners?
Cheniere Energy Partners trades on the NYSE MKT: CQP.
Who is the transfer agent for CQP?

If your Cheniere stock is held in an account with a stockbroker or other custodian, you should contact that firm. If you hold shares directly in your name, you should contact our transfer agent directly at: Computershare Trust Company, N.A.
P.O. Box 43078
Providence, RI 02940-3078
[T] (800) 962-4284
[F] (303) 262-0600

What is the CUSIP for CQP?
16411Q101
What is an MLP?
MLP stands for master limited partnership. It is a limited partnership that is publicly traded on a securities exchange. It combines the tax benefits of a limited partnership with the liquidity of publicly traded securities. MLPs are limited by law to apply to enterprises that engage in certain businesses, mostly pertaining to the use of natural resources, such as petroleum and natural gas extraction and transportation. MLPs pay their investors through quarterly required distributions (QRD), the amount of which is stated in the limited partnership agreement between the limited partners (the investors) and the general partner (the manager). Equity ownership in MLPs is referred to as “units”.
What/Where is Sabine Pass LNG?
Cheniere Partners owns 100 percent of the Sabine Pass LNG terminal located on the Sabine Pass deep water shipping channel less than four miles from the Gulf Coast. The Sabine Pass LNG terminal has regasification facilities that include existing infrastructure of five LNG storage tanks with capacity of approximately 16.9 billion cubic feet equivalent (Bcfe), two docks that can accommodate vessels with capacity of up to 265,000 cubic meters and vaporizers with regasification capacity of approximately 4.0 Bcf/d. Cheniere Partners is developing natural gas liquefaction facilities at the Sabine Pass LNG terminal adjacent to the existing regasification facilities (the "Liquefaction Project"). Cheniere Partners plans to construct over time up to six natural gas liquefaction trains ("Trains"), which are in various stages of development. Each Train is expected to have a design production capacity of approximately 4.5 mtpa. . Additional information about Cheniere Energy Partners, L.P. may be found on its website: www.cheniereenergypartners.com.
What is LNG?
LNG is natural gas (methane) - the same clean, safe energy source used to fuel our homes and industries - that has been reduced to 1/600th its volume through a sophisticated refrigeration process that cools the gas until it liquefies (minus 260 degrees fahrenheit). In a liquid form, natural gas can be shipped long distances safely and economically in specially designed ships with insulated storage tanks. Upon arrival at the Sabine Pass LNG receiving terminal, the ships will transfer the LNG to insulated, onshore storage tanks.
What is an LNG train?
The LNG industry has adopted the analogy of a “train” meaning the series of processes and equipment units that individually remove elements from raw inlet natural gas that would otherwise plug or freeze the small passages in the downstream heat exchangers that in a cascade fashion reduces the temperature from ambient to -260 F. Each of these processes and equipment units are sequentially arranged, similar to cars of a railroad train.
Does CQP make cash distributions and when are they made?
CQP will make quarterly cash distributions on its common units of at least $0.425 per unit, or $1.70 per year, to the extent that it has available cash. Such quarterly cash distributions will be made within 45 days after the end of each quarter, beginning with the quarter ending March 31, 2007, to unit holders of record on the applicable record date. However, there is no guarantee that CQP will have a sufficient amount of available cash on hand to pay the minimum quarterly distributions on the units in any quarter.
Where can I find the distribution history of Cheniere Energy Partners?
Please click here to see historical distributions.
What is the I.R.S Employer Identification Number for Cheniere Energy Partners?
Cheniere Energy Partners – 20-5913059.
Whom do I contact to discuss Cheniere Energy Partners or Sabine Pass LNG?

Please contact the Investor Relations department for all investor related questions at (713) 375-5000 or info@cheniere.com.

How do I request a copy of my Form K-1, correct information or discuss estate and/or tax questions related to CQP?
Please call PricewaterhouseCoopers at (866)-709-8182 or register here to receive your K-1 online. This support should not be relied upon for any tax advice; please consult a tax advisor or professional for more information.
How are MLPs taxed?

The following is intended for informational purposes only and should not be construed as offering tax advice; consult your tax advisor for more information.

-

Pass-Through – An MLP, like all partnerships, is a pass-through entity which means it passes on federally taxable income to its unitholders and pays no federal income tax itself.

-

Allocated Income – Each unitholder is allocated an allocable share of the MLP’s income, gains, losses, and credits (reported on K-1s). The unitholder generally pays ordinary tax on this allocated net income.

-

Distributions – are generally considered a “return of capital” and are not taxed when received. Tax on your distributions is deferred until you sell your units or until your adjusted basis reaches zero. If your basis reaches zero, future cash distributions will be taxed as capital gains in the year received.

-

Basis – Your units’ initial basis is equal to the amount paid to purchase your units. Cash distributions reduce your basis, and your share of taxable partnership income (after deductions) increases your basis.

-

Passive Loss – A unitholder’s K-1 will state his share of partnership income, gain, loss, deductions, and credits. If the result is net income, the unitholder pays tax on it at his individual tax rate. If the result is a net loss, it is considered a “passive loss” and may be carried forward and used to offset future income from the same partnership. This passive loss may not be used to offset income from other sources.

-

Tax Deferred Distribution – Often you hear someone say that “80% of the MLP’s distribution is tax-deferred.” As long as your distribution is less than your basis, that distribution is 100% tax-deferred. What they mean is your share of the MLP’s net taxable income equals 20% of the tax-deferred cash distribution. This percentage is just an example and your actual taxable income may be different. Further, when looking at the cumulative tax shield for a partnership, you should take into account passive loss carry forwards.

-

Gain on Sale – When you sell your units, your taxable gain equals the difference between the sales price and your adjusted basis. The gain resulting from basis reductions due to depreciation allocation (as well as certain other items) is taxed at ordinary income rates (this is called “recapture”). The rest of the gain is taxed at capital gains rates.

Where can I sign up to automatically receive information updates?
Please click here for information requests or here for email alerts.
©2015 Cheniere Energy, Inc. Copyrights - All Rights Reserved