Exhibit 99.2
CHENIERE ENERGY PARTNERS, L.P. NEWS RELEASE
Cheniere Partners Makes Positive Final Investment Decision on Train 6 at the Sabine Pass Liquefaction Project and IncreasesRun-Rate Production and Distributable Cash Flow per Unit Guidance
Final Investment Decision reached on Sabine Pass Train 6 and Full Notice to Proceed issued to Bechtel
Run-rate production guidance increased to 4.8 – 4.9 mtpa per Train
Run-rate distributable cash flow per unit guidance increased to $3.70 – $3.90
Houston, Texas –June 3, 2019 –Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE American: CQP) announced today that the Board of Directors of its general partner has made a positive Final Investment Decision (“FID”) with respect to Train 6 at the Sabine Pass liquefaction project (“SPL Project”) in Cameron Parish, Louisiana, and Cheniere Partners has issued full notice to proceed with construction to Bechtel Oil, Gas and Chemicals, Inc. (“Bechtel”).
To fund a portion of the construction of Train 6, a third LNG berth, and required supporting infrastructure at the SPL Project, Cheniere Partners has entered into5-year, $1.5 billion senior secured credit facilities with 29 banks and financial institutions in a transaction that closed on May 29, 2019. The facilities include a $750 million delayed draw term loan and a $750 million revolving credit facility. SG Americas Securities, LLC acted as financial advisor to Cheniere Partners for the transaction, and MUFG Bank, Ltd. acted as Sole Coordinating Lead Arranger.
Cheniere Partners has also raised itsrun-rate production guidance to 4.8 – 4.9 million tonnes per annum (“mtpa”) per Train, up from 4.5 – 4.9 mtpa per Train. The increase inrun-rate production is based on the impact of production optimization, maintenance optimization, and debottlenecking projects at the SPL Project.
Incorporating the impact of Sabine Pass Train 6 and increasedrun-rate production guidance, Cheniere Partners has revised itsrun-rate distributable cash flow per unit guidance to $3.70 – $3.90 annually, up from $3.30 – $3.60 annually.
About Cheniere Partners
Cheniere Partners, through its subsidiary, Sabine Pass Liquefaction, LLC (“Sabine Pass Liquefaction”), is developing, constructing, and operating natural gas liquefaction facilities at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast. Cheniere Partners, through Sabine Pass Liquefaction, plans to construct six Trains, which are in various stages of development, construction, and operations. Trains 1 through 5 are operational and Train 6 is under construction. Each Train is expected to have a nominal production capacity, which is prior to adjusting for planned maintenance, production reliability, potential overdesign, and debottlenecking opportunities, of approximately 4.5 mtpa of LNG and a run rate adjusted nominal production capacity of approximately 4.8 to 4.9 mtpa of LNG.
Through its wholly owned subsidiary, Sabine Pass LNG, L.P., Cheniere Partners owns and operates regasification facilities at the Sabine Pass LNG terminal, which includespre-existing infrastructure of five LNG storage tanks with aggregate capacity of approximately 16.9 billion cubic feet equivalent, two marine berths that can each accommodate vessels with nominal capacity of up to 266,000 cubic meters and vaporizers with regasification capacity of approximately 4.0 Bcf/d. Cheniere Partners also owns a94-mile pipeline that interconnects the Sabine Pass LNG terminal with a number of large interstate pipelines through its wholly owned subsidiary, Cheniere Creole Trail Pipeline, L.P.
