News Column

Cheniere Partners Holdings Reports Second Quarter 2014 Results

August 15, 2014



By a News Reporter-Staff News Editor at Energy Weekly News -- Cheniere Energy Partners LP Holdings, LLC ("Cheniere Partners Holdings") (NYSE MKT: CQH) reported net income of $4.6 million and $8.9 million, or $0.02 and $0.04 per common share, for the three and six months ended June 30, 2014, respectively. Results include distributions received from our limited partner interests in Cheniere Energy Partners, L.P. ("Cheniere Partners") a publicly traded limited partnership (NYSE MKT: CQP).

Our only business consists of owning Cheniere Partners common units, Class B units and subordinated units representing an aggregate of approximately 55.9% of the outstanding Cheniere Partners units as of June 30, 2014. We completed our initial public offering in December 2013.

Cheniere Partners' Sabine Pass Liquefaction Project Update

Cheniere Partners is developing and constructing natural gas liquefaction facilities (the "Liquefaction Project") at the Sabine Pass LNG terminal adjacent to the existing regasification facilities through its wholly owned subsidiary, Sabine Pass Liquefaction, LLC ("Sabine Pass Liquefaction").

Cheniere Partners continues to make progress on its Liquefaction Project, which is being developed for up to six natural gas liquefaction trains ("Trains"), each with a nominal production capacity of approximately 4.5 mtpa.

The Trains are in various stages of development.

-- Construction on Trains 1 and 2 began in August 2012, and as of June 30,

2014, the overall project for Trains 1 and 2 was approximately 69%

complete, which is ahead of the contractual schedule. Based on Cheniere

Partners' current construction schedule, Cheniere Partners anticipates

that Train 1 will produce liquefied natural gas ("LNG") as early as late

Keywords for this news article include: Oil & Gas, Natural Gas, Cheniere Energy Partners Lp Holdings Llc.

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Source: Energy Weekly News


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