Cheniere Energy Partners 10-Q 31 Jul 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 17, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'Cheniere Energy Partners LP Holdings, LLC	'
Entity Central Index Key	'0001582966	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Non-accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Amendment Flag	'false	'
Entity Common Stock, Shares Outstanding	'	231,700,000

Balance_Sheets

Balance Sheets (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets	'	'
Cash and cash equivalents	$601	$0
Accounts receivable	114	161
Accounts receivable—affiliate	0	70
Prepaid expenses and other	106	0
Total current assets	821	231
Other non-current assets	78	122
Total assets	899	353
Current liabilities	'	'
Accrued liabilities	74	95
Accrued liabilities—affiliates	2	39
Total current liabilities	76	134
Commitments and Contingencies	'	'
Shareholders’ equity	'	'
Common shares: unlimited shares authorized, 231.7 million shares issued and outstanding at June 30, 2014 and December 31, 2013	664,931	664,931
Director voting share: 1 share authorized, issued and outstanding at June 30, 2014 and December 31, 2013	0	0
Additional paid-in-capital	-271,757	-271,757
Accumulated deficit	-392,351	-392,955
Total shareholders’ equity	823	219
Total liabilities and shareholders’ equity	$899	$353

Balance_Sheet_Parentheticals

Balance Sheet Parentheticals	Jun. 30, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]	'	'
Common Stock, Shares, Issued	231,700,000	231,700,000
Common Stock, Shares, Outstanding	231,700,000	231,700,000
Director Voting Shares Authorized	1	1
Director Voting Shares Issued	1	1
Director Voting Shares Outstanding	1	1

Statements_of_Income

Statements of Income (USD $)	3 Months Ended	6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2014
Income Statement [Abstract]	'	'
Equity income from investment in Cheniere Partners	$5,085	$10,169
Expenses	'	'
General and administrative expense	308	721
General and administrative expense—affiliate	218	507
Total expenses	526	1,228
Other income	4	4
Net income	$4,563	$8,945
Net income per common share—basic and diluted	$0.02	$0.04
Weighted average number of common shares outstanding—basic and diluted	231,700	231,700
Cash dividends declared per common share	$0.02	$0.04

Statements_of_Shareholders_Equ

Statements of Shareholders' Equity (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
In Thousands, except Share data
Total shareholders' equity, beginning of period at Dec. 31, 2013	$219	$664,931	($271,757)	($392,955)
Common Stock, Shares, Outstanding, beginning of period at Dec. 31, 2013	231,700,000	'	'	'
Dividends to shareholders	-8,341	'	'	-8,341
Net income	8,945	'	'	8,945
Total shareholders' equity, end of period at Jun. 30, 2014	$823	$664,931	($271,757)	($392,351)
Common Stock, Shares, Outstanding, end of period at Jun. 30, 2014	231,700,000	'	'	'

Statement_of_Cash_Flows

Statement of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014
Cash flows from operating activities	'
Net income	$8,945
Adjustments to reconcile net income to net cash used in operating activities:	'
Income from equity investment	-10,169
Changes in operating assets and liabilities:	'
Accounts receivable	47
Accounts receivable—affiliate	70
Accrued liabilities	-21
Accrued liabilities—affiliate	-37
Other	-62
Net cash used in operating activities	-1,227
Cash flows from investing activities	'
Distributions from equity investment	10,169
Cash flows from financing activities	'
Dividends paid to shareholders	-8,341
Net increase in cash and cash equivalents	601
Cash and cash equivalents—beginning of period	0
Cash and cash equivalents—end of period	$601

Nature_of_Business_Notes

Nature of Business (Notes)	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Nature of Business	'
	NATURE OF BUSINESS
	We are a Delaware limited liability company formed by Cheniere Energy, Inc. (“Cheniere”) (NYSE MKT: LNG) to hold its 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’ limited partner units (the “Cheniere Partners units”), along with cash or other property that we receive as distributions in respect of such units, and, accordingly, our results of operations and financial condition are dependent on the performance of Cheniere Partners. Unless the context requires otherwise, references to “we,” “us,” “our,” the “Company,” or “Cheniere Holdings” are intended to refer to Cheniere Energy Partners LP Holdings, LLC.
	On December 12, 2013, the Securities and Exchange Commission declared effective a registration statement with respect to the initial public offering of our common shares (the “IPO”). On December 18, 2013, we completed the IPO of 36.0 million  common shares to the public at a price of $20.00 per share for net proceeds of $665.0 million after underwriting discount and offering expenses. The net proceeds from the IPO were used to repay intercompany indebtedness and payables, in the aggregate amount of $272.0 million, and to distribute the remaining proceeds to Cheniere.
	At no time prior to the IPO, did we have any operations or own any interest in Cheniere Partners. After the IPO and as of June 30, 2014, our sole purpose was to own the Cheniere Partners units and we expect to have no significant assets or operations other than those related to our interest in Cheniere Partners.
	As of June 30, 2014, we owned a 55.9% limited partner interest in Cheniere Partners.

Basis_of_Presentation_Notes

Basis of Presentation (Notes)	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Presentation	'
	BASIS OF PRESENTATION
	The accompanying unaudited Financial Statements of Cheniere Holdings have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In our opinion, all adjustments, consisting only of normal recurring adjustments necessary for a fair presentation, have been included.
	Results of operations for the three and six months ended June 30, 2014 are not necessarily indicative of the results of operations that will be realized for the year ending December 31, 2014. There is no comparative period presented on our Statements of Income and Cash Flows because we were formed on July 29, 2013.
	For further information, refer to the financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended December 31, 2013.
	Accounting for Investment in Cheniere Partners
	As of June 30, 2014 and December 31, 2013, we owned a 55.9% limited partner interest in Cheniere Partners. In addition to the Cheniere Partners units, we own a non-economic voting interest in Cheniere GP Holding Company, LLC (“GP Holdco”), which holds a 100% indirect interest in Cheniere Partners’ general partner. This non-economic voting interest in GP Holdco allows us to control the appointment of four of the eleven members to the board of directors of Cheniere Partners’ general partner to oversee the operations of Cheniere Partners. Cheniere owns the sole share entitled to vote in the election of our directors (the “director voting share”). If Cheniere relinquishes the director voting share, which it may do in its sole discretion, or ceases to own greater than 25% of our outstanding shares, our non-economic voting interest in GP Holdco would be extinguished and we would cease to control GP Holdco. Cheniere may, at any time and without our consent, relinquish the director voting share, which would cause our non-economic voting interest in GP Holdco to be extinguished. Because Cheniere may relinquish the director voting share at any time and we have no variable interest in GP Holdco, we have determined that we cannot consolidate Cheniere Partners and must account for our investment in the Cheniere Partners units that we own using the equity method of accounting.
	We record our share of Cheniere Partners’ net income (losses) in the period in which it is earned. The difference between our reported zero investment in Cheniere Partners as of both June 30, 2014 and December 31, 2013 and our ownership in Cheniere Partners’ reported net assets, excluding the beneficial conversion feature associated with Class B units as reported by Cheniere Partners, was due primarily to suspended losses and equity gains from Cheniere Partners’ sales of common units that were not recognized by us.
	The equity method of accounting requires that our investment in Cheniere Partners be shown in our Balance Sheets as a single amount. Our initial investment in Cheniere Partners is recognized at cost, and this carrying amount is increased or decreased to recognize our share of income or loss of Cheniere Partners after the date of our initial investment in the Cheniere Partners units. As a result of our negative investment in Cheniere Partners and because we are not obligated to fund losses, we have a zero investment balance in Cheniere Partners as of both June 30, 2014 and December 31, 2013 and have suspended the use of the equity method for additional losses. After giving effect to our equity ownership in Cheniere Partners as though we had acquired the Cheniere Partners units we owned as a result of a merger of entities under common control, we had suspended losses of approximately $435 million and $203 million as of June 30, 2014 and December 31, 2013, respectively. Additional equity method losses that we incur will be credited directly to the suspended loss account.
	Due to our zero investment balance in, and suspended losses of, Cheniere Partners as of both June 30, 2014 and December 31, 2013, we have historically and will continue to recognize distributions that we receive as a gain on our Statements of Income and a corresponding entry will be made to increase the suspended loss account. Only upon recovery of all suspended losses through future earnings will equity income be reported on our Statements of Income and future distributions reduce the carrying amount of our investment in Cheniere Partners.

Capitalization_Notes

Capitalization (Notes)	6 Months Ended
	Jun. 30, 2014
Stockholders' Equity Note [Abstract]	'
Capitalization	'
	CAPITALIZATION
	Cheniere Holdings’ authorized capital structure consists of common shares and a director voting share. No owner of Cheniere Holdings shall be liable for Cheniere Holdings’ debts, liabilities or obligations beyond such owner’s capital contribution. At June 30, 2014, our issued capitalization consisted of 231.7 million common shares, of which 195.7 million common shares were owned by Cheniere and its affiliates and 36.0 million common shares were owned by the public, and one director voting share owned by Cheniere and its affiliates. We are authorized to issue an unlimited number of common shares. Additional classes or series of securities may be created with the approval of our board of directors, provided that any such additional class or series must be approved by a vote of holders of a majority of our outstanding shares.

Investment_in_Cheniere_Partner

Investment in Cheniere Partners (Notes)	6 Months Ended
	Jun. 30, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
Investment in Cheniere Partners	'
	INVESTMENT IN CHENIERE PARTNERS
	Our business consists of owning the following Cheniere Partners units, along with cash or other property that we receive as distributions in respect of such units:
	Common Units
	We own 11,963,488 common units, which are entitled to quarterly cash distributions from Cheniere Partners. To the extent that Cheniere Partners is unable to pay the initial quarterly distribution in the future, arrearages in the amount of the initial quarterly distribution (or the difference between the initial quarterly distribution and the amount of the distribution actually paid to common unitholders) may accrue with respect to the common units.
	Subordinated Units
	We own 135,383,831 subordinated units. The subordinated units are not entitled to receive distributions until all common units have received at least the initial quarterly distribution, including any arrearages that may accrue. The subordinated units will convert on a one-for-one basis into common units at the expiration of the subordination period as described in Cheniere Partners’ partnership agreement. Cheniere Partners has not made any cash distributions in respect of the subordinated units with respect to the quarters ended on or after June 30, 2010.
	Class B Units
	We own 45,333,334 Class B units. The Class B units are not entitled to receive cash distributions except in the event of a liquidation of Cheniere Partners (or a merger, consolidation or other combination of Cheniere Partners with another person or the sale of all or substantially all of the assets of Cheniere Partners). The Class B units are subject to conversion, mandatorily or at the option of the holders of the Class B units under specified circumstances, into a number of common units based on the then-applicable conversion value of the Class B units. On a quarterly basis beginning on the initial purchase of the Class B units and ending on the conversion date of the Class B units, the conversion value of the Class B units increases at a compounded rate of 3.5% per quarter, subject to additional upward adjustment for certain equity and debt financings. The accreted conversion ratio of the Class B units owned by Cheniere Holdings and Blackstone CQP Holdco LP (“Blackstone”) was 1.32 and 1.30, respectively, as of June 30, 2014. We expect the Class B units to mandatorily convert into common units within 90 days of the substantial completion date of Train 3, which we currently expect to occur before March 31, 2017. If the Class B units are not mandatorily converted by July 2019, the holders of the Class B units have the option to convert the Class B units into common units at that time.

Summarized_Financial_Informati

Summarized Financial Information for Cheniere Energy Partners, L.P. (Notes)	6 Months Ended
	Jun. 30, 2014
Schedule of Investments [Abstract]	'
Summarized Financial Information for Cheniere Energy Partners, L.P.	'
	SUMMARIZED FINANCIAL INFORMATION FOR CHENIERE ENERGY PARTNERS, L.P.
	Our results of operations and financial condition are dependent on the performance of Cheniere Partners. The following tables are summarized Consolidated Statements of Operations and Consolidated Balance Sheets information for Cheniere Partners. Additional information on Cheniere Partners’ results of operations and financial position are contained in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2014, which is included in this filing as Exhibit 99.1 and incorporated herein by reference.
	Summarized Cheniere Energy Partners, L.P. Consolidated Statements of Operations Information
	(in thousands)
	(unaudited)
		Three Months Ended June 30,						Six Months Ended June 30,
		2014			2013			2014			2013
	Revenues (including transactions with affiliates)	$	67,328		$	67,637		$	134,549		$	133,747
	Expenses (including transactions with affiliates)	(75,054		)	(88,064		)	(137,189		)	(148,503		)
	Other expense	(218,498		)	(26,583		)	(293,317		)	(83,987		)
	Net loss	$	(226,224	)	$	(47,010	)	$	(295,957	)	$	(98,743	)
	Summarized Cheniere Energy Partners, L.P. Consolidated Balance Sheets Information
	(in thousands)
		June 30,			December 31,
		2014			2013
		(unaudited)
	Current assets	$	686,202		$	613,128
	Non-current assets	10,026,238			7,903,655
	Total assets	$	10,712,440		$	8,516,783
	Current liabilities	$	381,497		$	265,887
	Non-current liabilities	9,036,664			6,611,152
	Partners’ equity	1,294,279			1,639,744
	Total liabilities and partners’ equity	$	10,712,440		$	8,516,783
	During the second quarter of 2014, four lawsuits were filed in the Court of Chancery of the State of Delaware (the “Court”) against Cheniere and/or certain of its present and former officers and directors that challenge the manner in which abstentions were treated in connection with the stockholder vote on Amendment No. 1 to the Cheniere Energy, Inc. 2011 Incentive Plan (“Amendment No. 1”), pursuant to which, among other things, the number of shares of common stock available for issuance under the Cheniere Energy, Inc. 2011 Incentive Plan (the “2011 Plan”) was increased from 10 million to 35 million shares. The lawsuits contend that abstentions should have been counted as “no” votes in tabulating the outcome of the vote and that the stockholders did not approve Amendment No. 1 when abstentions are counted as such. The lawsuits further contend that portions of the Amended and Restated Bylaws of Cheniere Energy, Inc. adopted on April 3, 2014 are invalid and that certain disclosures relating to these matters made by Cheniere are misleading. The lawsuits assert claims for breach of contract and breach of fiduciary duty (both on a class and a derivative basis) and claims for unjust enrichment (on a derivative basis). The lawsuits seek, among other things, a declaration that the February 1, 2013 stockholder vote on Amendment No. 1 is void, disgorgement of all compensation distributed as a result of Amendment No. 1, voiding the awards made from the shares reserved pursuant to Amendment No. 1 and monetary damages. On June 16, 2014, Cheniere filed a verified application with the Court pursuant to 8 Del. C. § 205 (the “Section 205 Action”) in which it asks the Court to declare valid the issuance, pursuant to the 2011 Plan, of the 25 million additional shares of common stock of Cheniere covered by Amendment No. 1, whether occurring in the past or the future. On June 27, 2014, the Court entered an order staying the stockholder litigation pending resolution of the Section 205 Action. On July 11, 2014, Cheniere filed a memorandum of law in support of its motion for judgment on Application I asserted in the Section 205 Action (that it correctly tabulated votes in connection with the stockholder vote on Amendment No. 1). On July 25, 2014, certain of the plaintiffs in the consolidated action (who have been given permission to intervene in the Section 205 Action) filed a brief in opposition to Cheniere’s motion for judgment on Application I in the Section 205 Action. Briefing on these issues is expected to be completed on August 1, 2014.
	The outcome of this litigation may impact the amount of operating expenses that Cheniere charged to Cheniere Partners under the Sabine Pass LNG and Sabine Pass Liquefaction operation and maintenance agreements discussed in Note 8—“Related Party Transactions” in Cheniere Partners’ Quarterly Report on Form 10-Q for the quarter ended June 30, 2014, which is included in this filing as Exhibit 99.1 and incorporated herein by reference. This litigation may also impact the amount of our suspended losses as we have suspended the use of the equity method for additional losses as described in Note 2—“Basis of Presentation.” Given the stage of this ongoing litigation, Cheniere currently cannot reasonably estimate a range of potential loss, if any, related to this matter. Cheniere asserts the plaintiffs’ claims are not valid and intends to vigorously defend against these lawsuits.

Related_Party_Transactions_Not

Related Party Transactions (Notes)	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	RELATED PARTY TRANSACTIONS
	Services Agreement
	Effective December 18, 2013, we, Cheniere and Cheniere LNG Terminals, LLC, a wholly owned subsidiary of Cheniere, entered into a services agreement (the “Services Agreement”). The Services Agreement provides that we pay Cheniere a fixed fee of $1.0 million per year (payable quarterly in installments of $250,000 per quarter, in arrears), subject to adjustment for inflation, for certain general and administrative services, including the services of our directors and officers who are also directors and executive officers of Cheniere. In addition, we pay directly for, or reimburse Cheniere for, certain third-party general and administrative expenses incurred. Cheniere also provides us with cash management services, including treasury services with respect to the payment of dividends and allocation of reserves for taxes. During the three and six months ended June 30, 2014, we recorded general and administrative expense—affiliate of $0.2 million and $0.5 million, respectively, under the Services Agreement.
	The Services Agreement has an initial term of one year from the date of the closing of our IPO, and will automatically renew for additional one-year terms unless notice of nonrenewal is provided by any party to the agreement at least 90 days prior to the next renewal date. Upon the occurrence of certain events resulting in the separation of us and Cheniere, our officers and directors who are also directors or officers of Cheniere would resign. Within 60 days after such a separation event, we may provide notice to Cheniere to terminate the Services Agreement, and the Services Agreement will terminate 90 days after the delivery date of the notice. If we provide notice to terminate at any time after such a separation event, we may request that Cheniere continue to provide services to us for a period of up to six months from the termination notice date.
	Tax Sharing Agreement
	On December 18, 2013, we entered into a Tax Sharing Agreement (the “Tax Sharing Agreement”) with Cheniere that governs the respective rights, responsibilities, and obligations of Cheniere and us with respect to tax attributes, tax liabilities and benefits, the preparation and filing of tax returns, the control of audits and other tax proceedings, and other matters regarding taxes. Under the terms of the Tax Sharing Agreement, for each period in which we or any of our subsidiaries is consolidated or combined with Cheniere for purposes of any tax return, Cheniere will prepare a pro forma tax return for us as if we filed our own consolidated, combined or unitary return, except that such pro forma tax return generally will include current income, deductions, credits and losses from us, and a deemed net operating loss carryforward amount. We will be required to reimburse Cheniere for any taxes shown on such pro forma tax returns.
	Although we and Cheniere are each generally responsible for managing those disputes that relate to the taxes for which both are responsible, the Tax Sharing Agreement provides that Cheniere will have the responsibility and discretion to prepare and file all consolidated, combined or unitary income tax returns on our behalf (including the making of any tax elections), to respond to and conduct all tax proceedings (including tax audits) relating to such tax returns, and to determine the reimbursement amounts in connection with any pro forma tax returns.

Income_Taxes_Notes

Income Taxes (Notes)	6 Months Ended
	Jun. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	INCOME TAXES
	We are a recently formed limited liability company that has elected to be treated as a corporation for U.S. federal income tax purposes. Our taxable income or loss is included in the consolidated federal income tax return of Cheniere. We have entered into a Tax Sharing Agreement with Cheniere as discussed in Note 6—“Related Party Transactions.” Any amounts due to Cheniere under the Tax Sharing Agreement in excess of our income tax provision calculated on a hypothetical carve-out basis will be recorded as an equity distribution.
	Cheniere experienced an ownership change within the provisions of Internal Revenue Code (“IRC”) Section 382 in 2008, 2010 and 2012. Consequently, an analysis of the annual limitation on the utilization of Cheniere’s net operating losses (“NOLs”) was performed in accordance with IRC Section 382, and it was determined that IRC Section 382 will not limit the use of these NOLs in full over the carryover period.  Cheniere will continue to monitor trading activity in its respective shares which may cause an additional ownership change which could ultimately affect our ability to fully utilize these existing tax NOL carryforwards.

Distribution_Received_and_Divi

Distribution Received and Dividend Paid (Notes)	6 Months Ended
	Jun. 30, 2014
Distributions Received and Dividends Paid [Abstract]	'
Distributions Received and Dividends Paid	'
	DISTRIBUTIONS RECEIVED AND DIVIDENDS PAID
	The following provides a summary of distributions received from Cheniere Partners during the six months ended June 30, 2014:
	Date Paid	Period Covered by Distribution	Distribution Per Common Unit		Total Distribution Received
					(in thousands)
	15-May-14	January 1 - March 31, 2014	$	0.425	$	5,084
	14-Feb-14	October 1 - December 31, 2013	$	0.425	$	5,084
	On July 22, 2014, the board of directors of Cheniere Partners’ general partner declared a cash distribution of $0.425 per common unit with respect to the second quarter of 2014. The distribution attributable to our interest in Cheniere Partners, totaling $5.1 million, is to be paid to us on August 14, 2014. We have used these distributions from Cheniere Partners to establish cash reserves to pay general and administrative expenses (including affiliate) and to pay dividends.
	The following provides a summary of dividends paid by us during the six months ended June 30, 2014:
	Date Paid	Period Covered by Dividend	Dividend Per Share		Total Dividend Paid
					(in thousands)
	30-May-14	January 1 - March 31, 2014	$	0.019	$	4,402
	3-Mar-14	October 1 - December 31, 2013	$	0.017	$	3,939

Basis_of_Presentation_Basis_of

Basis of Presentation Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis of Presentation	'
	The accompanying unaudited Financial Statements of Cheniere Holdings have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In our opinion, all adjustments, consisting only of normal recurring adjustments necessary for a fair presentation, have been included.
	Results of operations for the three and six months ended June 30, 2014 are not necessarily indicative of the results of operations that will be realized for the year ending December 31, 2014. There is no comparative period presented on our Statements of Income and Cash Flows because we were formed on July 29, 2013.
	For further information, refer to the financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended December 31, 2013.
	Accounting for Investment in Cheniere Partners
	As of June 30, 2014 and December 31, 2013, we owned a 55.9% limited partner interest in Cheniere Partners. In addition to the Cheniere Partners units, we own a non-economic voting interest in Cheniere GP Holding Company, LLC (“GP Holdco”), which holds a 100% indirect interest in Cheniere Partners’ general partner. This non-economic voting interest in GP Holdco allows us to control the appointment of four of the eleven members to the board of directors of Cheniere Partners’ general partner to oversee the operations of Cheniere Partners. Cheniere owns the sole share entitled to vote in the election of our directors (the “director voting share”). If Cheniere relinquishes the director voting share, which it may do in its sole discretion, or ceases to own greater than 25% of our outstanding shares, our non-economic voting interest in GP Holdco would be extinguished and we would cease to control GP Holdco. Cheniere may, at any time and without our consent, relinquish the director voting share, which would cause our non-economic voting interest in GP Holdco to be extinguished. Because Cheniere may relinquish the director voting share at any time and we have no variable interest in GP Holdco, we have determined that we cannot consolidate Cheniere Partners and must account for our investment in the Cheniere Partners units that we own using the equity method of accounting.
	We record our share of Cheniere Partners’ net income (losses) in the period in which it is earned. The difference between our reported zero investment in Cheniere Partners as of both June 30, 2014 and December 31, 2013 and our ownership in Cheniere Partners’ reported net assets, excluding the beneficial conversion feature associated with Class B units as reported by Cheniere Partners, was due primarily to suspended losses and equity gains from Cheniere Partners’ sales of common units that were not recognized by us.
	The equity method of accounting requires that our investment in Cheniere Partners be shown in our Balance Sheets as a single amount. Our initial investment in Cheniere Partners is recognized at cost, and this carrying amount is increased or decreased to recognize our share of income or loss of Cheniere Partners after the date of our initial investment in the Cheniere Partners units. As a result of our negative investment in Cheniere Partners and because we are not obligated to fund losses, we have a zero investment balance in Cheniere Partners as of both June 30, 2014 and December 31, 2013 and have suspended the use of the equity method for additional losses. After giving effect to our equity ownership in Cheniere Partners as though we had acquired the Cheniere Partners units we owned as a result of a merger of entities under common control, we had suspended losses of approximately $435 million and $203 million as of June 30, 2014 and December 31, 2013, respectively. Additional equity method losses that we incur will be credited directly to the suspended loss account.
	Due to our zero investment balance in, and suspended losses of, Cheniere Partners as of both June 30, 2014 and December 31, 2013, we have historically and will continue to recognize distributions that we receive as a gain on our Statements of Income and a corresponding entry will be made to increase the suspended loss account. Only upon recovery of all suspended losses through future earnings will equity income be reported on our Statements of Income and future distributions reduce the carrying amount of our investment in Cheniere Partners.

Summarized_Financial_Informati1

Summarized Financial Information for Cheniere Energy Partners, L.P. (Tables)	6 Months Ended
	Jun. 30, 2014
Schedule of Investments [Abstract]	'
Schedule of Condensed Financial Statements	'
	The following tables are summarized Consolidated Statements of Operations and Consolidated Balance Sheets information for Cheniere Partners. Additional information on Cheniere Partners’ results of operations and financial position are contained in its Quarterly Report on Form 10-Q for the quarter ended June 30, 2014, which is included in this filing as Exhibit 99.1 and incorporated herein by reference.
	Summarized Cheniere Energy Partners, L.P. Consolidated Statements of Operations Information
	(in thousands)
	(unaudited)
		Three Months Ended June 30,						Six Months Ended June 30,
		2014			2013			2014			2013
	Revenues (including transactions with affiliates)	$	67,328		$	67,637		$	134,549		$	133,747
	Expenses (including transactions with affiliates)	(75,054		)	(88,064		)	(137,189		)	(148,503		)
	Other expense	(218,498		)	(26,583		)	(293,317		)	(83,987		)
	Net loss	$	(226,224	)	$	(47,010	)	$	(295,957	)	$	(98,743	)
	Summarized Cheniere Energy Partners, L.P. Consolidated Balance Sheets Information
	(in thousands)
		June 30,			December 31,
		2014			2013
		(unaudited)
	Current assets	$	686,202		$	613,128
	Non-current assets	10,026,238			7,903,655
	Total assets	$	10,712,440		$	8,516,783
	Current liabilities	$	381,497		$	265,887
	Non-current liabilities	9,036,664			6,611,152
	Partners’ equity	1,294,279			1,639,744
	Total liabilities and partners’ equity	$	10,712,440		$	8,516,783

Distribution_Received_and_Divi1

Distribution Received and Dividend Paid Distribution Received and Dividends Paid (Tables)	6 Months Ended
	Jun. 30, 2014
Distributions Received and Dividends Paid [Abstract]	'
Schedule of Distributions Received [Table Text Block]	'
	The following provides a summary of distributions received from Cheniere Partners during the six months ended June 30, 2014:
	Date Paid	Period Covered by Distribution	Distribution Per Common Unit		Total Distribution Received
					(in thousands)
	15-May-14	January 1 - March 31, 2014	$	0.425	$	5,084
	14-Feb-14	October 1 - December 31, 2013	$	0.425	$	5,084
Schedule of Dividends Paid [Table Text Block]	'
	The following provides a summary of dividends paid by us during the six months ended June 30, 2014:
	Date Paid	Period Covered by Dividend	Dividend Per Share		Total Dividend Paid
					(in thousands)
	30-May-14	January 1 - March 31, 2014	$	0.019	$	4,402
	3-Mar-14	October 1 - December 31, 2013	$	0.017	$	3,939

Nature_of_Business_Nature_of_B

Nature of Business Nature of Business (Details) (USD $)	0 Months Ended
In Millions, except Per Share data, unless otherwise specified	Dec. 18, 2013	Jun. 30, 2014	Dec. 31, 2013
		Limited Partner [Member]	Limited Partner [Member]
Organization and nature of operations [Line Items]	'	'	'
IPO, Number of Shares	36	'	'
IPO, Price Per Share	$20	'	'
Proceeds from Issuance Initial Public Offering	$665	'	'
Repayments of Related Party Debt	$272	'	'
Equity Method Investment, Ownership Percentage	'	55.90%	55.90%

Basis_of_Presentation_Details

Basis of Presentation (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]	'	'
General Partner Ownership Interest Percentage	100.00%	'
Equity Method Investments	'	$0
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity	$435,000,000	$203,000,000
Limited Partner [Member]	'	'
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]	'	'
Equity Method Investment, Ownership Percentage	55.90%	55.90%
Ownership percentage of our outstanding shares required to control GP Holdco [Member]	'	'
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]	'	'
Equity Method Investment, Ownership Percentage	25.00%	'

Capitalization_Details

Capitalization (Details)	Jun. 30, 2014
Schedule of Capitalization, Equity [Line Items]	'
Shares, Issued	231,700,000
Public Ownership of Cheniere Energy Partners LP Holdings LLC	36,000,000
Cheniere Energy, Inc. [Member]	'
Schedule of Capitalization, Equity [Line Items]	'
Cheniere Ownership of Cheniere Energy Partners LP Holdings LLC common shares	195,700,000

Investment_in_Cheniere_Partner1

Investment in Cheniere Partners (Details)	6 Months Ended
	Jun. 30, 2014
Cheniere Energy Partners, LP [Member] | Common Units [Member]	'
Schedule of Equity Method Investments [Line Items]	'
Partners Capital Account, Units, Units Held	11,963,488
Cheniere Energy Partners, LP [Member] | Subordinated Units [Member]	'
Schedule of Equity Method Investments [Line Items]	'
Partners Capital Account, Units, Units Held	135,383,831
Cheniere Energy Partners, LP [Member] | Class B units [Member]	'
Schedule of Equity Method Investments [Line Items]	'
Partners Capital Account, Units, Units Held	45,333,334
Partnership Units, Conversion Ratio, Quarterly Compounded Rate	0.035
Maximum Period Of Conversion After Condition Precedent Satisfaction	'90 days
Cheniere Energy, Inc. [Member] | Class B units [Member]	'
Schedule of Equity Method Investments [Line Items]	'
Partnership Units, Accreted Conversion Ratio	1.32
Blackstone CQP Holdco LP [Member] | Class B units [Member]	'
Schedule of Equity Method Investments [Line Items]	'
Partnership Units, Accreted Conversion Ratio	1.3

Summarized_Financial_Informati2

Summarized Financial Information for Cheniere Energy Partners, L.P. - Summarized Financial Information (Details) (Cheniere Energy Partners, LP [Member], USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Cheniere Energy Partners, LP [Member]	'	'	'	'	'
Schedule of Investments [Line Items]	'	'	'	'	'
Revenues (including transactions with affiliates)	$67,328	$67,637	$134,549	$133,747	'
Expenses (including transactions with affiliates)	-75,054	-88,064	-137,189	-148,503	'
Other expense	-218,498	-26,583	-293,317	-83,987	'
Net loss	-226,224	-47,010	-295,957	-98,743	'
Current assets	686,202	'	686,202	'	613,128
Non-current assets	10,026,238	'	10,026,238	'	7,903,655
Total assets	10,712,440	'	10,712,440	'	8,516,783
Current liabilities	381,497	'	381,497	'	265,887
Non-current liabilities	9,036,664	'	9,036,664	'	6,611,152
Partners’ equity	1,294,279	'	1,294,279	'	1,639,744
Total liabilities and partners’ equity	$10,712,440	'	$10,712,440	'	$8,516,783

Summarized_Financial_Informati3

Summarized Financial Information for Cheniere Energy Partners, L.P. Summarized Financial Information for Cheniere Energy Partners, L.P. (Narrative) (Details) (Cheniere Energy, Inc. [Member])	0 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Feb. 01, 2013	Jun. 30, 2014	Feb. 01, 2013	Jan. 31, 2013
		item
Cheniere Energy, Inc. [Member]	'	'	'	'
Schedule of Investments [Line Items]	'	'	'	'
Loss Contingency, New Claims Filed, Number	'	4	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	'	'	35	10
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized	25	'	'	'

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	3 Months Ended	6 Months Ended	3 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2014
			Cheniere Energy, Inc. [Member]	Cheniere Energy, Inc. [Member]
			Management Services Agreement [Member]	Management Services Agreement [Member]
Related Party Transaction [Line Items]	'	'	'	'
Related Party Transaction, Committed Annual Fee	'	'	'	$1,000,000
Related Party Transactions, Committed Quarterly Fee	'	'	'	250,000
General and administrative expense—affiliate	$218,000	$507,000	$200,000	$500,000
Related Party Agreement Term	'	'	'	'1 year
Related Party Agreement, Renewal Additional Term	'	'	'	'1 year
Related Party Agreement, Nonrenewal Notice Period	'	'	'	'90 days
Related Party Agreement, Termination Notice Period After Separation Event	'	'	'	'60 days
Related Party Agreement, Termination Period After Separation Event Notice	'	'	'	'90 days
Related Party Agreement, Maximum Period Of Service After Separation Event Termination Notice	'	'	'	'6 months

Distribution_Received_and_Divi2

Distribution Received and Dividend Paid (Details) (USD $)	0 Months Ended		6 Months Ended	0 Months Ended
	30-May-14	Mar. 03, 2014	Jun. 30, 2014	15-May-14	Feb. 14, 2014	Jul. 22, 2014
				Cheniere Energy Partners, LP [Member]	Cheniere Energy Partners, LP [Member]	Subsequent Event [Member]
						Cheniere Energy Partners, LP [Member]
Schedule of Dividends Received [Line Items]	'	'	'	'	'	'
Distribution Made to Limited Partner, Distributions Paid, Per Unit	'	'	'	$0.43	$0.43	'
Distributions from equity investment	'	'	$10,169,000	$5,084,482	$5,084,000	'
Distribution Made to Limited Partner, Distributions Declared, Per Unit	'	'	'	'	'	$0.43
Distribution Made to Limited Partner, Cash Distributions Declared	'	'	'	'	'	5,100,000
Common Stock, Dividends, Per Share, Cash Paid	$0.02	$0.02	'	'	'	'
Payments of Ordinary Dividends, Common Stock	$4,402,000	$3,939,000	'	'	'	'