Cheniere Energy Partners (NYSE:CQP) (NYSE:CQP) is a Houston‐based master limited partnership and an affiliate of Cheniere Energy Inc. The partnership owns and operates key midstream liquefaction assets on the U.S. Gulf Coast, with its primary facility located at Sabine Pass, Louisiana. Through its integrated infrastructure, CQP provides natural gas feedstock, liquefaction services and related pipeline connections under long‐term tolling agreements.
The Sabine Pass liquefaction terminal was the first facility to export liquefied natural gas (LNG) from the Lower 48 states, commencing exports in February 2016. Today, the terminal consists of multiple liquefaction trains supported by nearby storage tanks and marine berths capable of accommodating large LNG carriers. CQP also owns and operates the Sabine Pass Pipeline system, ensuring a reliable supply of pipeline gas to the liquefaction complex and offering intra‐state transportation services to third‐party customers.
CQP markets LNG under a portfolio of long‐term sale and purchase agreements with utility companies and trading houses in Asia, Europe and other markets. In addition to core tolling business, the partnership engages in shorter‐term trading and portfolio optimization activities, leveraging Cheniere’s global marketing platform and growing demand for U.S. LNG in overseas markets.
Formed as part of Cheniere’s strategy to develop LNG infrastructure, CQP is managed by Cheniere Energy Partners GP LLC, the partnership’s general partner, which is wholly owned by Cheniere Energy Inc. The management team draws on decades of experience in energy project development, operations and global LNG marketing to support ongoing expansion and reliability of its Gulf Coast liquefaction assets.
