HOUSTON, Feb. 24, 2016 /PRNewswire/ -- Cheniere
Energy Partners, L.P. ("Cheniere Partners") (NYSE MKT: CQP)
announced that the first commissioning cargo with liquefied natural
gas ("LNG") produced from the first liquefaction train ("Train 1")
of its Sabine Pass liquefaction
project in Cameron Parish,
Louisiana, will depart imminently. The LNG is loading
on the LNG carrier Asia Vision, chartered by Cheniere
Marketing, LLC and will be heading to Brazil.
"Today we will finish loading the first commissioning cargo
of LNG from our Sabine Pass LNG terminal. This historic event opens
a new chapter for the country in energy trade and is a significant
milestone for Cheniere as we prepare Train 1 for commercial
operations," said Neal Shear,
Chairman of the Board and Interim Chief Executive Officer of
Cheniere Partners. "This accomplishment would not have been
possible without many years of hard work by our employees, our
construction partner, Bechtel, other contractors and thousands of
workers at the Sabine Pass site.
We especially want to thank our federal, state and local agencies,
elected officials and community leaders from across Louisiana and the
United States for their continued support and contributions
during development and construction."
Through our wholly-owned subsidiary, Sabine Pass LNG, L.P.,
Cheniere Partners owns 100% of the Sabine Pass LNG terminal located
on the Sabine-Neches Waterway less than four miles from the Gulf
Coast. The Sabine Pass LNG terminal includes 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 nominal capacity of up to 266,000
cubic meters and vaporizers with regasification capacity of
approximately 4.0 Bcf/d. Through its wholly-owned subsidiary
Cheniere Creole Trail Pipeline, L.P., Cheniere Partners also owns a
94-mile pipeline that interconnects the Sabine Pass LNG terminal
with a number of large interstate pipelines.
Cheniere Partners, through its subsidiary, Sabine Pass
Liquefaction, LLC ("SPL"), is developing and constructing natural
gas liquefaction facilities at the Sabine Pass LNG terminal
adjacent to the existing regasification facilities. Cheniere
Partners, through SPL, plans to construct over time up to six
liquefaction trains, which are in various stages of construction
and development. Each liquefaction train is expected to have a
nominal production capacity of approximately 4.5 million tonnes per
annum ("mtpa") of LNG. SPL has entered into six third-party LNG
sale and purchase agreements ("SPAs") that in the aggregate equate
to approximately 19.75 mtpa of LNG and commence with the date of
first commercial delivery of Trains 1 through 5 as specified in the
respective SPAs.
For additional information, please refer to the Cheniere
Partners website at www.cheniere.com and Annual Report on Form
10-K for the fiscal year ended December 31,
2015, filed with the Securities and Exchange Commission.
This press release contains certain statements that may include
"forward-looking statements." All statements, other than statements
of historical facts, included herein are "forward-looking
statements." Included among "forward-looking statements" are, among
other things, (i) statements regarding Cheniere Partners' business
strategy, plans and objectives, including the development,
construction and operation of liquefaction facilities, (ii)
statements regarding expectations regarding regulatory
authorizations and approvals, (iii) statements expressing beliefs
and expectations regarding the development of Cheniere Partners'
LNG terminal and liquefaction business, (iv) statements regarding
the business operations and prospects of third parties, (v)
statements regarding potential financing arrangements, and (vi)
statements regarding future discussions and entry into contracts.
Although Cheniere Partners believes that the expectations reflected
in these forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may
prove to be incorrect. Cheniere Partners' actual results could
differ materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including those
discussed in Cheniere Partners' periodic reports that are filed
with and available from the Securities and Exchange Commission. You
should not place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
Other than as required under the securities laws, Cheniere Partners
does not assume a duty to update these forward-looking
statements.
CONTACTS:
Investors: Randy Bhatia: 713-375-5479, Katy Cox: 713-375-5079
Media: Faith Parker:
713-375-5663
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SOURCE Cheniere Energy Partners, L.P.