Cheniere Energy Partners 10-K 24 Feb 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2016	Feb. 17, 2017	Jun. 30, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Cheniere Energy Partners LP Holdings, LLC
Entity Central Index Key	1,582,966
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		231,700,000
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 0.9

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents	$ 219	$ 917
Receivables	153	157
Other current assets	51	26
Total current assets	423	1,100
Other non-current assets	0	95
Total assets	423	1,195
Current liabilities
Accounts payable and accrued liabilities	78	106
Accrued liabilities—affiliate	0	6
Total current liabilities	78	112
Shareholders’ equity
Common shares: unlimited shares authorized, 231.7 million shares issued and outstanding at December 31, 2016 and 2015	664,931	664,931
Director voting share: 1 share authorized, issued and outstanding at December 31, 2016 and 2015	0	0
Additional paid-in-capital	(271,757)	(271,757)
Accumulated deficit	(392,829)	(392,091)
Total shareholders’ equity	345	1,083
Total liabilities and shareholders’ equity	$ 423	$ 1,195

Consolidated Balance Sheets Par

Consolidated Balance Sheets Parentheticals - shares	Dec. 31, 2016	Dec. 31, 2015
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

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement [Abstract]
Equity income from investment in Cheniere Partners	$ 20,338	$ 20,338	$ 20,338
Expenses
General and administrative expense	1,511	1,150	1,182
General and administrative expense—affiliate	1,029	1,015	1,015
Total expenses	2,540	2,165	2,197
Net income	$ 17,798	$ 18,173	$ 18,141
Net income per common share—basic and diluted	$ 0.08	$ 0.08	$ 0.08
Weighted average number of common shares outstanding—basic and diluted	231,700	231,700	231,700
Cash dividends declared per common share	$ 0.080	$ 0.079	$ 0.074

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Common Stock, Shares, Outstanding, Beginning of Period at Dec. 31, 2013		231,700,000
Treasury Stock, Shares, Beginning of Period at Dec. 31, 2013			0
Total shareholders' equity, beginning of period at Dec. 31, 2013	$ 219	$ 664,931	$ 0	$ (271,757)	$ (392,955)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends to shareholders	(17,146)	$ 0	0	0	(17,146)
Proceeds from public offering, net issuance costs, shares		10,100,000
Proceeds from public offering, net issuance costs	228,781	$ 228,781	0	0	0
Redemption of common shares owned by Cheniere, shares		(10,100,000)
Redemption of common shares owned by Cheniere	(228,781)	$ (228,781)	$ 0	0	0
Treasury stock acquired, shares			10,100,000
Treasury stock acquired	0	0	$ 0	0	0
Treasury stock retired, shares			(10,100,000)
Treasury stock retired	0	0	$ 0	0	0
Net income	18,141	$ 0	$ 0	0	18,141
Common Stock, Shares, Outstanding, End of Period at Dec. 31, 2014		231,700,000
Treasury Stock, Shares, End of Period at Dec. 31, 2014			0
Total shareholders' equity, end of period at Dec. 31, 2014	1,214	$ 664,931	$ 0	(271,757)	(391,960)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends to shareholders	(18,304)	0	0	0	(18,304)
Net income	$ 18,173	$ 0	$ 0	0	18,173
Common Stock, Shares, Outstanding, End of Period at Dec. 31, 2015	231,700,000	231,700,000
Treasury Stock, Shares, End of Period at Dec. 31, 2015			0
Total shareholders' equity, end of period at Dec. 31, 2015	$ 1,083	$ 664,931	$ 0	(271,757)	(392,091)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends to shareholders	(18,536)	0	0	0	(18,536)
Net income	$ 17,798	$ 0	$ 0	0	17,798
Common Stock, Shares, Outstanding, End of Period at Dec. 31, 2016	231,700,000	231,700,000
Treasury Stock, Shares, End of Period at Dec. 31, 2016			0
Total shareholders' equity, end of period at Dec. 31, 2016	$ 345	$ 664,931	$ 0	$ (271,757)	$ (392,829)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities
Net income	$ 17,798	$ 18,173	$ 18,141
Adjustments to reconcile net income to net cash used in operating activities:
Income from equity investment	(20,338)	(20,338)	(20,338)
Changes in operating assets and liabilities:
Receivables	4	(43)	47
Accounts receivable—affiliate	0	0	70
Accounts payable and accrued liabilities	(27)	(20)	28
Accrued liabilities—affiliate	(6)	6	(40)
Other, net	69	57	(55)
Net cash used in operating activities	(2,500)	(2,165)	(2,147)
Cash flows from investing activities
Distributions from equity investment	20,338	20,338	20,338
Cash flows from financing activities
Proceeds from sale of common shares	0	0	229,876
Redemption of common shares	0	0	(228,781)
Offering costs	0	(213)	(879)
Dividends paid to shareholders	(18,536)	(18,304)	(17,146)
Net cash used in financing activities	(18,536)	(18,517)	(16,930)
Net increase (decrease) in cash and cash equivalents	(698)	(344)	1,261
Cash and cash equivalents—beginning of period	917	1,261	0
Cash and cash equivalents—end of period	$ 219	$ 917	$ 1,261

Organization and Nature of Busi

Organization and Nature of Business	12 Months Ended
	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Nature of Business	ORGANIZATION AND NATURE OF BUSINESS We are a Delaware limited liability company formed by Cheniere (NYSE MKT: LNG) to hold its limited partner interests in Cheniere Partners, a publicly traded limited partnership (NYSE MKT: CQP). Our only business consists of owning and holding Cheniere Partners’ limited partner common units, Class B units (“Class B units”) and subordinated units (collectively, the “Cheniere Partners units”) , along with cash or other property that we receive as distributions in respect of such units, and, accordingly, our consolidated operating results and financial condition are dependent on the performance of Cheniere Partners. In November 2014, we completed a public offering of 10.1 million common shares to the public at a price of $22.76 per share for net proceeds of approximately $229 million , after deducting the underwriting discount and offering expenses. The net proceeds from the offering were used to redeem from Cheniere the same number of common shares, which reduced Cheniere’s ownership of our common shares from 84.5% to 80.1% . In December 2016, Cheniere purchased 5,785,161 of our common shares in exchange for unregistered common shares of Cheniere at an exchange ratio of 0.5205 common shares of Cheniere for each our common shares in privately negotiated stock-for-stock exchange transactions, increasing Cheniere’s ownership of our common shares from 80.1% to 82.6% . 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 December 31, 2016 , 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 December 31, 2016 , we owned a 55.9% limited partner interest in Cheniere Partners. No owner of Cheniere Holdings shall be liable for Cheniere Holdings’ debts, liabilities or obligations beyond such owners’ capital contribution.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation Our Consolidated Financial Statements were prepared in accordance with GAAP . Investments in non-controlled entities, over which Cheniere Holdings has the ability to exercise significant influence over operating and financial policies, are accounted for using the equity method. In applying the equity method of accounting, the investments are initially recognized at cost, and subsequently adjusted for the Company’s proportionate share of earnings, losses and distributions. Use of Estimates The preparation of Consolidated Financial Statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and the accompanying notes. Management evaluates its estimates and related assumptions regularly, including those related to fair value measurements. Changes in facts and circumstances or additional information may result in revised estimates, and actual results may differ from these estimates. As future events and their effects cannot be determined accurately, actual results could differ significantly from our estimates. Accounting for Investment in Cheniere Partners As of both December 31, 2016 and 2015 , 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 GP Holdco, which holds a 100% indirect interest in Cheniere Partners GP. 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 GP 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 (loss) in the period in which it is earned. The difference between our reported zero investment in Cheniere Partners as of both December 31, 2016 and 2015 and our ownership in Cheniere Partners’ reported net assets, excluding the beneficial conversion feature associated with the 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 Consolidated 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 historical negative investment in Cheniere Partners and because we are not obligated to fund losses, we had a zero investment balance in Cheniere Partners as of both December 31, 2016 and 2015 and had 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 $938 million and $789 million as of December 31, 2016 and 2015 , respectively. Additional equity method losses that we incur increase the suspended loss amount. Due to our zero investment balance in, and suspended losses of, Cheniere Partners as of both December 31, 2016 and 2015 , we have historically and will continue to recognize distributions that we receive as a gain on our Consolidated 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 Consolidated Statements of Income and future distributions reduce the carrying amount of our investment in Cheniere Partners. Cash Equivalents We consider all highly liquid investments with an original maturity of three months or less to be cash equivalents. Dividends Within ten business days after we receive a distribution on the Cheniere Partners units , we will declare dividends on our shares of the cash that we receive as distributions in respect of the Cheniere Partners units , less income taxes and any reserves established by our Board of Directors (our “Board”) to pay expenses and amounts due under the Services Agreement, to service and reduce indebtedness that we may incur and for company purposes, in each case as permitted by our LLC Agreement. Income Taxes We are a limited liability company that has elected to be treated as a corporation for U.S. federal income tax purposes. The provision for income taxes, taxes payable and deferred income tax balances has been recorded as if we had filed all tax returns on a separate return basis (“hypothetical carve-out basis”) from Cheniere. We record deferred taxes for federal and state income taxes. We have a gross deferred tax liability as a result of the tax basis of our investment in Cheniere Partners being substantially less than our book basis. That deferred tax liability is fully offset by federal and state net operating loss (“NOL”) carryforwards generated primarily by our investment in Cheniere Partners. A valuation allowance equal to our federal and state net deferred tax asset balance has been established due to the uncertainty of realizing the tax benefits related to our federal and state net deferred tax assets. Earnings Per Share Both basic and diluted earnings per share are computed by dividing net earnings attributable to shareholders by the weighted average number of shares outstanding during each period. There are no securities outstanding that may be converted into or exercised for shares.

Capitalization

Capitalization	12 Months Ended
	Dec. 31, 2016
Stockholders' Equity Note [Abstract]
Capitalization	CAPITALIZATION Cheniere Holdings’ authorized capital structure consists of common shares and the 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 December 31, 2016 , our issued capitalization consisted of 231.7 million common shares, of which 191.4 million common shares were owned by Cheniere and its affiliates and 40.3 million common shares were owned by the public, and one Director Voting Share owned by Cheniere. 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 , 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 Partners

Investment in Cheniere Partners	12 Months Ended
	Dec. 31, 2016
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 the Third Amended and Restated Agreement of Limited Partnership of Cheniere Partners, dated as of August 9, 2012. 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, 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 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. As of December 31, 2016 , the accreted conversion ratio of the Class B units owned by us and Blackstone CQP Holdco was 1.86 and 1.83 , respectively. The Class B units will mandatorily convert into common units on the first business day following the record date of our first distribution after the substantial completion date of Cheniere Partners’ Train 3, but in any case no earlier than the first business day following the record date of our distribution with respect to the quarter ended June 30, 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. The following table (in thousands) illustrates the number of common units into which the Class B units held by us and Blackstone CQP Holdco would convert at the dates specified below and our and Blackstone CQP Holdco ’s percentage ownership of then outstanding Cheniere Partners units , assuming that none of the outstanding Class B units are optionally converted prior to the dates set forth in the table and that no additional limited partner interests are issued by Cheniere Partners prior to such dates: December 31, 2017 December 31, 2018 July 9, 2019 Cheniere Holdings: Number of Common Units 96,792 111,060 118,959 Percentage Ownership 47.9% 46.5% 45.9% Blackstone CQP Holdco: Number of Common Units 209,782 240,640 257,683 Percentage Ownership (1) 41.2% 43.3% 44.4% (1) This percentage ownership is based solely upon the conversion of Class B units and does not include any common units that may be deemed to be beneficially owned by Blackstone Group, an affiliate of Blackstone CQP Holdco. Based on information from a Schedule 13D/A filed by Blackstone Group and related parties with the SEC on January 15, 2016 , Blackstone Group may be deemed to beneficially own 3,758,003 common units.

Summarized Financial Informatio

Summarized Financial Information for Cheniere Partners	12 Months Ended
	Dec. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]
Summarized Financial Information for Cheniere Partners	SUMMARIZED FINANCIAL INFORMATION FOR CHENIERE PARTNERS Our consolidated operating results 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’ operating results and financial position are contained in its annual report on Form 10-K for the fiscal year ended December 31, 2016 , which is included in this filing as Exhibit 99.1 and incorporated herein by reference. Summarized Cheniere Partners Consolidated Statements of Operations Information (in thousands) Year Ended December 31, 2016 2015 2014 Revenues (including transactions with affiliates) $ 1,100,240 $ 270,028 $ 268,698 Operating costs and expenses (including transactions with affiliates) (849,804 ) (266,986 ) (268,183 ) Other expense (421,631 ) (321,933 ) (410,551 ) Net loss $ (171,195 ) $ (318,891 ) $ (410,036 ) Summarized Cheniere Partners Consolidated Balance Sheets Information (in thousands) December 31, 2016 2015 Current assets $ 958,260 $ 493,475 Non-current assets 14,584,080 12,339,678 Total assets $ 15,542,340 $ 12,833,153 Current liabilities $ 855,711 $ 2,063,017 Non-current liabilities 14,243,575 10,057,205 Partners’ equity 443,054 712,931 Total liabilities and partners’ equity $ 15,542,340 $ 12,833,153

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS Services Agreement We, Cheniere and Cheniere Terminals, a wholly owned subsidiary of Cheniere, entered into a services agreement (the “Services Agreement”) pursuant to which 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 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. Under the Services Agreement , we recorded general and administrative expense—affiliate of $1.0 million during each of the years ended December 31, 2016, 2015 and 2014 . The Services Agreement has a term of one year and automatically renews 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 and 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 We have 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 are 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 income tax return, which includes an initial deemed NOL 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

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The reconciliation of the federal statutory income tax rate to our effective income tax rate is as follows: Year Ended December 31, 2016 2015 2014 U.S. federal statutory tax rate 35.0 % 35.0 % 35.0 % State tax rate (1.7 )% — % — % Valuation allowance (4.5 )% (42.4 )% (40.3 )% Disallowed interest from investment in limited partnership 5.0 % 5.2 % 5.3 % Investments tax credit (33.8 )% — % — % Other — % 2.2 % — % Effective tax rate as reported — % — % — % Significant components of our deferred tax assets and liabilities at December 31, 2016 and 2015 are as follows (in thousands): December 31, 2016 2015 Deferred tax assets NOL carryforwards and credits Federal $ 587,434 $ 516,656 State 169,371 155,395 Other 88 2,342 Less: net deferred tax asset valuation allowance (270,494 ) (271,909 ) Total deferred tax assets 486,399 402,484 Deferred tax liabilities Investment in limited partnership (486,399 ) (402,484 ) Total deferred tax liabilities (486,399 ) (402,484 ) Net deferred tax assets $ — $ — The federal deferred tax assets presented above do not include the state tax benefits as our net deferred state tax assets are offset with a full valuation allowance. At December 31, 2016 , we had federal and state NOL carryforwards of approximately $1.7 billion and $2.1 billion , respectively. These NOL carryforwards will expire between 2025 and 2036. Due to our history of NOLs, current year NOLs and significant risk factors related to our ability to generate taxable income, we have established a valuation allowance to fully offset our federal and state deferred tax assets as of December 31, 2016 and 2015 . We will continue to evaluate our ability to release the valuation allowance in the future. The decrease in the valuation allowance was $1.4 million for the year ended December 31, 2016 . Deferred tax assets and deferred tax liabilities are classified as non-current in our Consolidated Balance Sheets. Changes in the balance of unrecognized tax benefits are as follows (in thousands): December 31, 2016 2015 Balance at beginning of period $ 10,314 $ 10,314 Additions based on tax positions related to current year — — Additions for tax positions at formation — — Reductions for tax positions of prior years — — Settlements — — Balance at end of the period $ 10,314 $ 10,314 Our effective tax rate will not be affected if the unrecognized federal income tax benefits provided above were recognized. Currently, we do not recognize any accrued liabilities, interest and penalties associated with the unrecognized tax benefits provided above in our Consolidated Statements of Income or our Consolidated Balance Sheets. We recognize interest and penalties related to income tax matters as part of income tax expense. 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. Our taxable income or loss is included in the consolidated federal income tax return of Cheniere. Cheniere experienced an ownership change within the provisions of Internal Revenue Code (“IRC”) Section 382 in 2008, 2010 and 2012. An analysis of the annual limitation on the utilization of Cheniere’s NOL s was performed in accordance with IRC Section 382. It was determined that IRC Section 382 will not limit the use of Cheniere’s NOL s 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 Cheniere’s existing NOL carryforwards.

Distributions Received and Divi

Distributions Received and Dividends Paid	12 Months Ended
	Dec. 31, 2016
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 years ended December 31, 2016 and 2015 : Date Paid Period Covered by Distribution Distribution Per Common Unit Total Distribution Received (in thousands) November 11, 2016 July 1 - September 30, 2016 $ 0.425 $ 5,084 August 12, 2016 April 1 - June 30, 2016 0.425 5,084 May 13, 2016 January 1 - March 31, 2016 0.425 5,084 February 12, 2016 October 1 - December 31, 2015 0.425 5,084 November 13, 2015 July 1 - September 30, 2015 $ 0.425 $ 5,084 August 14, 2015 April 1 - June 30, 2015 0.425 5,084 May 15, 2015 January 1 - March 31, 2015 0.425 5,084 February 13, 2015 October 1 - December 31, 2014 0.425 5,084 On January 20, 2017 , the board of directors of Cheniere Partners GP declared a cash distribution of $0.425 per common unit with respect to the fourth quarter of 2016. The distribution attributable to our interest in Cheniere Partners, totaling $5.1 million , is to be paid to us on February 13, 2017 . 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 years ended December 31, 2016 and 2015 : Date Paid Period Covered by Dividend Dividend Per Share Total Dividend Paid (in thousands) November 29, 2016 July 1 - September 30, 2016 $ 0.020 $ 4,634 August 26, 2016 April 1 - June 30, 2016 0.020 4,634 May 27, 2016 January 1 - March 31, 2016 0.020 4,634 February 29, 2016 October 1 - December 31, 2015 0.020 4,634 November 30, 2015 July 1 - September 30, 2015 $ 0.020 $ 4,634 August 28, 2015 April 1 - June 30, 2015 0.020 4,634 May 29, 2015 January 1 - March 31, 2015 0.020 4,634 February 27, 2015 October 1 - December 31, 2014 0.019 4,402 On February 8, 2017 , our Board declared a cash dividend of $0.020 per common share with respect to the fourth quarter of 2016. The dividend, totaling $4.6 million , will be paid by us on February 28, 2017 .

Recent Accounting Standards

Recent Accounting Standards	12 Months Ended
	Dec. 31, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Standards	RECENT ACCOUNTING STANDARDS The following table provides a brief description of recent accounting standards that were adopted by the Company during the reporting period: Standard Description Date of Adoption Effect on our Consolidated Financial Statements or Other Significant Matters ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis These amendments primarily affect asset managers and reporting entities involved with limited partnerships or similar entities, but the analysis is relevant in the evaluation of any reporting organization’s requirement to consolidate a legal entity. This guidance changes (1) the identification of variable interests, (2) the variable interest entity characteristics for a limited partnership or similar entity and (3) the primary beneficiary determination. This guidance may be early adopted, and may be adopted either retrospectively to each prior reporting period presented or as a cumulative-effect adjustment as of the date of adoption. January 1, 2016 The adoption of this guidance did not have an impact on our Consolidated Financial Statements or related disclosures. ASU 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern This standard requires an entity’s management to evaluate, for each reporting period, whether there are conditions and events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the financial statements are issued. Additional disclosures are required if management concludes that conditions or events raise substantial doubt about the entity’s ability to continue as a going concern. Early adoption is permitted. December 31, 2016 The adoption of this guidance did not have an impact on our Consolidated Financial Statements or related disclosures.

Summarized Quarterly FInancial

Summarized Quarterly FInancial Data (unaudited)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Summarized Quarterly FInancial Data (unaudited)	Summarized Quarterly Financial Data—(in thousands, except per share amounts) First Quarter Second Quarter Third Quarter Fourth Quarter Year ended December 31, 2016: Equity income from investment in Cheniere Partners $ 5,084 $ 5,085 $ 5,084 $ 5,085 Net income 4,493 4,441 4,342 4,522 Net income per common share—basic and diluted (1) $ 0.02 $ 0.02 $ 0.02 $ 0.02 Year ended December 31, 2015: Equity income from investment in Cheniere Partners $ 5,084 $ 5,085 $ 5,084 $ 5,085 Net income 4,552 4,509 4,556 4,556 Net income per common share—basic and diluted (1) $ 0.02 $ 0.02 $ 0.02 $ 0.02 (1) The sum of the quarterly net income per common share may not equal the full year amount as the computations of the weighted average common shares outstanding for basic and diluted shares outstanding for each quarter and the full year are performed independently.

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation, Policy	Basis of Presentation Our Consolidated Financial Statements were prepared in accordance with GAAP . Investments in non-controlled entities, over which Cheniere Holdings has the ability to exercise significant influence over operating and financial policies, are accounted for using the equity method. In applying the equity method of accounting, the investments are initially recognized at cost, and subsequently adjusted for the Company’s proportionate share of earnings, losses and distributions.
Use of Estimates, Policy	Use of Estimates The preparation of Consolidated Financial Statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and the accompanying notes. Management evaluates its estimates and related assumptions regularly, including those related to fair value measurements. Changes in facts and circumstances or additional information may result in revised estimates, and actual results may differ from these estimates. As future events and their effects cannot be determined accurately, actual results could differ significantly from our estimates.
Accounting for Investment in Cheniere Partners, Policy	Accounting for Investment in Cheniere Partners As of both December 31, 2016 and 2015 , 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 GP Holdco, which holds a 100% indirect interest in Cheniere Partners GP. 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 GP 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 (loss) in the period in which it is earned. The difference between our reported zero investment in Cheniere Partners as of both December 31, 2016 and 2015 and our ownership in Cheniere Partners’ reported net assets, excluding the beneficial conversion feature associated with the 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 Consolidated 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 historical negative investment in Cheniere Partners and because we are not obligated to fund losses, we had a zero investment balance in Cheniere Partners as of both December 31, 2016 and 2015 and had 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 $938 million and $789 million as of December 31, 2016 and 2015 , respectively. Additional equity method losses that we incur increase the suspended loss amount. Due to our zero investment balance in, and suspended losses of, Cheniere Partners as of both December 31, 2016 and 2015 , we have historically and will continue to recognize distributions that we receive as a gain on our Consolidated 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 Consolidated Statements of Income and future distributions reduce the carrying amount of our investment in Cheniere Partners.
Cash Equivalents, Policy	Cash Equivalents We consider all highly liquid investments with an original maturity of three months or less to be cash equivalents.
Dividends, Policy	Dividends Within ten business days after we receive a distribution on the Cheniere Partners units , we will declare dividends on our shares of the cash that we receive as distributions in respect of the Cheniere Partners units , less income taxes and any reserves established by our Board of Directors (our “Board”) to pay expenses and amounts due under the Services Agreement, to service and reduce indebtedness that we may incur and for company purposes, in each case as permitted by our LLC Agreement.
Income Taxes, Policy	Income Taxes We are a limited liability company that has elected to be treated as a corporation for U.S. federal income tax purposes. The provision for income taxes, taxes payable and deferred income tax balances has been recorded as if we had filed all tax returns on a separate return basis (“hypothetical carve-out basis”) from Cheniere. We record deferred taxes for federal and state income taxes. We have a gross deferred tax liability as a result of the tax basis of our investment in Cheniere Partners being substantially less than our book basis. That deferred tax liability is fully offset by federal and state net operating loss (“NOL”) carryforwards generated primarily by our investment in Cheniere Partners. A valuation allowance equal to our federal and state net deferred tax asset balance has been established due to the uncertainty of realizing the tax benefits related to our federal and state net deferred tax assets.
Earnings Per Share, Policy	Earnings Per Share Both basic and diluted earnings per share are computed by dividing net earnings attributable to shareholders by the weighted average number of shares outstanding during each period. There are no securities outstanding that may be converted into or exercised for shares.

Investment in Cheniere Partne18

Investment in Cheniere Partners (Tables)	12 Months Ended
	Dec. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Limited Partners' Capital Account by Class	The following table (in thousands) illustrates the number of common units into which the Class B units held by us and Blackstone CQP Holdco would convert at the dates specified below and our and Blackstone CQP Holdco ’s percentage ownership of then outstanding Cheniere Partners units , assuming that none of the outstanding Class B units are optionally converted prior to the dates set forth in the table and that no additional limited partner interests are issued by Cheniere Partners prior to such dates: December 31, 2017 December 31, 2018 July 9, 2019 Cheniere Holdings: Number of Common Units 96,792 111,060 118,959 Percentage Ownership 47.9% 46.5% 45.9% Blackstone CQP Holdco: Number of Common Units 209,782 240,640 257,683 Percentage Ownership (1) 41.2% 43.3% 44.4% (1) This percentage ownership is based solely upon the conversion of Class B units and does not include any common units that may be deemed to be beneficially owned by Blackstone Group, an affiliate of Blackstone CQP Holdco. Based on information from a Schedule 13D/A filed by Blackstone Group and related parties with the SEC on January 15, 2016 , Blackstone Group may be deemed to beneficially own 3,758,003 common units.

Summarized Financial Informat19

Summarized Financial Information for Cheniere Partners (Tables)	12 Months Ended
	Dec. 31, 2016
Equity Method Investments and Joint Ventures [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’ operating results and financial position are contained in its annual report on Form 10-K for the fiscal year ended December 31, 2016 , which is included in this filing as Exhibit 99.1 and incorporated herein by reference. Summarized Cheniere Partners Consolidated Statements of Operations Information (in thousands) Year Ended December 31, 2016 2015 2014 Revenues (including transactions with affiliates) $ 1,100,240 $ 270,028 $ 268,698 Operating costs and expenses (including transactions with affiliates) (849,804 ) (266,986 ) (268,183 ) Other expense (421,631 ) (321,933 ) (410,551 ) Net loss $ (171,195 ) $ (318,891 ) $ (410,036 ) Summarized Cheniere Partners Consolidated Balance Sheets Information (in thousands) December 31, 2016 2015 Current assets $ 958,260 $ 493,475 Non-current assets 14,584,080 12,339,678 Total assets $ 15,542,340 $ 12,833,153 Current liabilities $ 855,711 $ 2,063,017 Non-current liabilities 14,243,575 10,057,205 Partners’ equity 443,054 712,931 Total liabilities and partners’ equity $ 15,542,340 $ 12,833,153

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	The reconciliation of the federal statutory income tax rate to our effective income tax rate is as follows: Year Ended December 31, 2016 2015 2014 U.S. federal statutory tax rate 35.0 % 35.0 % 35.0 % State tax rate (1.7 )% — % — % Valuation allowance (4.5 )% (42.4 )% (40.3 )% Disallowed interest from investment in limited partnership 5.0 % 5.2 % 5.3 % Investments tax credit (33.8 )% — % — % Other — % 2.2 % — % Effective tax rate as reported — % — % — %
Schedule of Deferred Tax Assets and Liabilities	Significant components of our deferred tax assets and liabilities at December 31, 2016 and 2015 are as follows (in thousands): December 31, 2016 2015 Deferred tax assets NOL carryforwards and credits Federal $ 587,434 $ 516,656 State 169,371 155,395 Other 88 2,342 Less: net deferred tax asset valuation allowance (270,494 ) (271,909 ) Total deferred tax assets 486,399 402,484 Deferred tax liabilities Investment in limited partnership (486,399 ) (402,484 ) Total deferred tax liabilities (486,399 ) (402,484 ) Net deferred tax assets $ — $ —
Summary of Income Tax Contingencies	Changes in the balance of unrecognized tax benefits are as follows (in thousands): December 31, 2016 2015 Balance at beginning of period $ 10,314 $ 10,314 Additions based on tax positions related to current year — — Additions for tax positions at formation — — Reductions for tax positions of prior years — — Settlements — — Balance at end of the period $ 10,314 $ 10,314

Distributions Received and Di21

Distributions Received and Dividends Paid (Tables)	12 Months Ended
	Dec. 31, 2016
Distributions Received and Dividends Paid [Abstract]
Schedule of Distributions Received	The following provides a summary of distributions received from Cheniere Partners during the years ended December 31, 2016 and 2015 : Date Paid Period Covered by Distribution Distribution Per Common Unit Total Distribution Received (in thousands) November 11, 2016 July 1 - September 30, 2016 $ 0.425 $ 5,084 August 12, 2016 April 1 - June 30, 2016 0.425 5,084 May 13, 2016 January 1 - March 31, 2016 0.425 5,084 February 12, 2016 October 1 - December 31, 2015 0.425 5,084 November 13, 2015 July 1 - September 30, 2015 $ 0.425 $ 5,084 August 14, 2015 April 1 - June 30, 2015 0.425 5,084 May 15, 2015 January 1 - March 31, 2015 0.425 5,084 February 13, 2015 October 1 - December 31, 2014 0.425 5,084
Schedule of Dividends Paid	The following provides a summary of dividends paid by us during the years ended December 31, 2016 and 2015 : Date Paid Period Covered by Dividend Dividend Per Share Total Dividend Paid (in thousands) November 29, 2016 July 1 - September 30, 2016 $ 0.020 $ 4,634 August 26, 2016 April 1 - June 30, 2016 0.020 4,634 May 27, 2016 January 1 - March 31, 2016 0.020 4,634 February 29, 2016 October 1 - December 31, 2015 0.020 4,634 November 30, 2015 July 1 - September 30, 2015 $ 0.020 $ 4,634 August 28, 2015 April 1 - June 30, 2015 0.020 4,634 May 29, 2015 January 1 - March 31, 2015 0.020 4,634 February 27, 2015 October 1 - December 31, 2014 0.019 4,402

Recent Accounting Standards (Ta

Recent Accounting Standards (Tables)	12 Months Ended
	Dec. 31, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Standards, Adopted	The following table provides a brief description of recent accounting standards that were adopted by the Company during the reporting period: Standard Description Date of Adoption Effect on our Consolidated Financial Statements or Other Significant Matters ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis These amendments primarily affect asset managers and reporting entities involved with limited partnerships or similar entities, but the analysis is relevant in the evaluation of any reporting organization’s requirement to consolidate a legal entity. This guidance changes (1) the identification of variable interests, (2) the variable interest entity characteristics for a limited partnership or similar entity and (3) the primary beneficiary determination. This guidance may be early adopted, and may be adopted either retrospectively to each prior reporting period presented or as a cumulative-effect adjustment as of the date of adoption. January 1, 2016 The adoption of this guidance did not have an impact on our Consolidated Financial Statements or related disclosures. ASU 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern This standard requires an entity’s management to evaluate, for each reporting period, whether there are conditions and events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the financial statements are issued. Additional disclosures are required if management concludes that conditions or events raise substantial doubt about the entity’s ability to continue as a going concern. Early adoption is permitted. December 31, 2016 The adoption of this guidance did not have an impact on our Consolidated Financial Statements or related disclosures.

Summarized Quarterly FInancia23

Summarized Quarterly FInancial Data (unaudited) (Tables)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	Summarized Quarterly Financial Data—(in thousands, except per share amounts) First Quarter Second Quarter Third Quarter Fourth Quarter Year ended December 31, 2016: Equity income from investment in Cheniere Partners $ 5,084 $ 5,085 $ 5,084 $ 5,085 Net income 4,493 4,441 4,342 4,522 Net income per common share—basic and diluted (1) $ 0.02 $ 0.02 $ 0.02 $ 0.02 Year ended December 31, 2015: Equity income from investment in Cheniere Partners $ 5,084 $ 5,085 $ 5,084 $ 5,085 Net income 4,552 4,509 4,556 4,556 Net income per common share—basic and diluted (1) $ 0.02 $ 0.02 $ 0.02 $ 0.02 (1) The sum of the quarterly net income per common share may not equal the full year amount as the computations of the weighted average common shares outstanding for basic and diluted shares outstanding for each quarter and the full year are performed independently.

Organization and Nature of Bu24

Organization and Nature of Business (Details) $ / shares in Units, $ in Millions	1 Months Ended		12 Months Ended
	Dec. 31, 2016Rateshares	Nov. 30, 2014USD ($)$ / sharesshares	Dec. 31, 2016	Dec. 31, 2015	Nov. 30, 2016	Nov. 01, 2014	Oct. 31, 2014
Organization and Nature of Operations [Line Items]
Public offering of shares, number of shares issued		10,100,000
Public offering of shares, price per share | $ / shares		$ 22.76
Proceeds from Issuance Initial Public Offering | $		$ 229
Cheniere Partners [Member]
Organization and Nature of Operations [Line Items]
Limited Partners ownership percentage			55.90%	55.90%
Cheniere [Member]
Organization and Nature of Operations [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent						80.10%
Cheniere [Member] | Cheniere Holdings [Member]
Organization and Nature of Operations [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	82.60%		82.60%		80.10%		84.50%
Shares Purchased In Non-cash Transaction	5,785,161
Exchange Ratio Of Unregistered Shares In Non-cash Transaction | Rate	0.5205

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2016USD ($)itemshares	Dec. 31, 2015USD ($)	Nov. 01, 2014
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares	0
Cheniere Partners [Member]
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Limited Partners ownership percentage	55.90%	55.90%
Equity Method Investments | $	$ 0	$ 0
Suspended losses | $	$ 938,000,000	$ 789,000,000
GP HoldCo [Member]
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Variable Interest Entity, Ownership Percentage	0.00%
GP HoldCo [Member] | Cheniere Partners GP [Member]
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
General Partner ownership percentage	100.00%
Cheniere Partners GP [Member]
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Number Of Members Of The Board Of Directors | item	11
Cheniere Partners GP [Member] | Cheniere Holdings [Member]
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Number Of Members Of The Board Of Directors | item	4
Cheniere [Member]
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent			80.10%
Cheniere [Member] | Ownership percentage of our outstanding shares required to control GP Holdco [Member]
Basis of Presentation and Summary of Significant Accounting Policies [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	25.00%

Capitalization (Details)

Capitalization (Details)	Dec. 31, 2016shares
Common Stock [Member]
Schedule of Capitalization, Equity [Line Items]
Shares, Issued	231,700,000
Public Ownership of Cheniere Holdings, shares	40,300,000
Common Stock [Member] | Cheniere [Member]
Schedule of Capitalization, Equity [Line Items]
Cheniere Ownership of Cheniere Holdings common shares, shares	191,400,000
Director Voting Share [Member] | Cheniere [Member]
Schedule of Capitalization, Equity [Line Items]
Cheniere Ownership of Cheniere Holdings common shares, shares	1

Investment in Cheniere Partne27

Investment in Cheniere Partners - Narrative (Details) - Cheniere Partners [Member]	12 Months Ended
	Dec. 31, 2016Rateshares
Common Units [Member]
Schedule of Equity Method Investments [Line Items]
Partners Capital Account, Units, Units Held | shares	11,963,488
Subordinated Units [Member]
Schedule of Equity Method Investments [Line Items]
Partners Capital Account, Units, Units Held | shares	135,383,831
Partnership Units, Conversion Ratio | Rate	1
Class B Units [Member]
Schedule of Equity Method Investments [Line Items]
Partners Capital Account, Units, Units Held | shares	45,333,334
Partnership Units, Conversion Ratio, Quarterly Compounded Rate	0.035
Partnership Units, Accreted Conversion Ratio | Rate	1.86
Blackstone CQP Holdco [Member] | Class B Units [Member]
Schedule of Equity Method Investments [Line Items]
Partnership Units, Accreted Conversion Ratio | Rate	1.83

Investment in Cheniere Partne28

Investment in Cheniere Partners - Limited Partners' Capital Account by Class (Details) - shares	6 Months Ended	12 Months Ended
	Jul. 09, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cheniere Partners [Member]
Schedule of Equity Method Investments [Line Items]
Percentage Ownership				55.90%	55.90%
Scenario, Forecast [Member] | Cheniere Partners [Member]
Schedule of Equity Method Investments [Line Items]
Percentage Ownership	45.90%	46.50%	47.90%
Common Units [Member] | Cheniere Partners [Member]
Schedule of Equity Method Investments [Line Items]
Partners Capital Account, Units, Units Held				11,963,488
Common Units [Member] | Scenario, Forecast [Member] | Cheniere Partners [Member]
Schedule of Equity Method Investments [Line Items]
Number of Common Units	118,959	111,060	96,792
Blackstone CQP Holdco [Member] | Scenario, Forecast [Member] | Cheniere Partners [Member]
Schedule of Equity Method Investments [Line Items]
Percentage Ownership	44.40%	43.30%	41.20%
Blackstone CQP Holdco [Member] | Common Units [Member] | Scenario, Forecast [Member] | Cheniere Partners [Member]
Schedule of Equity Method Investments [Line Items]
Number of Common Units	257,683	240,640	209,782
Blackstone Group [Member] | Common Units [Member]
Schedule of Equity Method Investments [Line Items]
Partners Capital Account, Units, Units Held				3,758,003

Summarized Financial Informat29

Summarized Financial Information for Cheniere Partners (Details) - Cheniere Partners [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule of Equity Method Investments [Line Items]
Revenues (including transactions with affiliates)	$ 1,100,240	$ 270,028	$ 268,698
Operating costs and expenses (including transactions with affiliates)	(849,804)	(266,986)	(268,183)
Other expense	(421,631)	(321,933)	(410,551)
Net loss	(171,195)	(318,891)	$ (410,036)
Current assets	958,260	493,475
Non-current assets	14,584,080	12,339,678
Total assets	15,542,340	12,833,153
Current liabilities	855,711	2,063,017
Non-current liabilities	14,243,575	10,057,205
Partners’ equity	443,054	712,931
Total liabilities and partners’ equity	$ 15,542,340	$ 12,833,153

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
General and Administrative Expense—Affiliate	$ 1,029,000	$ 1,015,000	$ 1,015,000
Management Services Agreement [Member] | Cheniere [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Committed Annual Fee	1,000,000
Related Party Transactions, Quarterly Fee	250,000
General and Administrative Expense—Affiliate	$ 1,029,000	$ 1,015,000	$ 1,015,000
Related Party Agreement, Initial 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

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Effective Income Tax Rate (Details)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Effective Income Tax Rate Reconciliation, Percent [Abstract]
U.S. federal statutory tax rate	35.00%	35.00%	35.00%
State tax rate	(1.70%)	0.00%	0.00%
Valuation allowance	(4.50%)	(42.40%)	(40.30%)
Disallowed interest from investment in limited partnership	5.00%	5.20%	5.30%
Investments tax credit	(33.80%)	0.00%	0.00%
Other	0.00%	2.20%	0.00%
Effective tax rate as reported	0.00%	0.00%	0.00%

Income Taxes - Components of De

Income Taxes - Components of Deferred Tax Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets
Federal NOL carryforwards and credits	$ 587,434	$ 516,656
State NOL carryforwards and credits	169,371	155,395
Other	88	2,342
Less: net deferred tax asset valuation allowance	(270,494)	(271,909)
Total deferred tax assets	486,399	402,484
Deferred tax liabilities
Investment in limited partnership	(486,399)	(402,484)
Total deferred tax liabilities	(486,399)	(402,484)
Net deferred tax assets	0	$ 0
Valuation Allowance, Deferred Tax Asset, Decrease, Amount	1,400
Federal Tax [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	1,700,000
State Tax [Member]
Operating Loss Carryforwards [Line Items]
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	$ 2,100,000

Income Taxes - Changes in Gross

Income Taxes - Changes in Gross Amounts of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at beginning of period	$ 10,314	$ 10,314
Additions based on tax positions related to current year	0	0
Additions for tax positions at formation	0	0
Reductions for tax positions of prior years	0	0
Settlements	0	0
Balance at end of the period	$ 10,314	$ 10,314

Distributions Received and Di34

Distributions Received and Dividends Paid (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 28, 2017	Feb. 13, 2017	Feb. 08, 2017	Jan. 20, 2017	Nov. 29, 2016	Nov. 11, 2016	Aug. 26, 2016	Aug. 12, 2016	May 27, 2016	May 13, 2016	Feb. 29, 2016	Feb. 12, 2016	Nov. 30, 2015	Nov. 13, 2015	Aug. 28, 2015	Aug. 14, 2015	May 29, 2015	May 15, 2015	Feb. 27, 2015	Feb. 13, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Schedule of Distribution Received and Dividend Paid [Line Items]
Total Distribution Received																					$ 20,338	$ 20,338	$ 20,338
Dividend Per Share					$ 0.020		$ 0.020		$ 0.020		$ 0.020		$ 0.020		$ 0.020		$ 0.020		$ 0.019
Total Dividend Paid					$ 4,634		$ 4,634		$ 4,634		$ 4,634		$ 4,634		$ 4,634		$ 4,634		$ 4,402
Cash Dividends Declared Per Share																					$ 0.080	$ 0.079	$ 0.074
Cash Dividends Declared																					$ 18,536	$ 18,304	$ 17,146
Cheniere Partners [Member]
Schedule of Distribution Received and Dividend Paid [Line Items]
Distribution Per Common Unit						$ 0.425		$ 0.425		$ 0.425		$ 0.425		$ 0.425		$ 0.425		$ 0.425		$ 0.425
Total Distribution Received						$ 5,084		$ 5,084		$ 5,084		$ 5,084		$ 5,084		$ 5,084		$ 5,084		$ 5,084
Subsequent Event [Member]
Schedule of Distribution Received and Dividend Paid [Line Items]
Cash Dividends Declared Per Share			$ 0.020
Cash Dividends Declared	$ 4,600
Subsequent Event [Member] | Cheniere Partners [Member]
Schedule of Distribution Received and Dividend Paid [Line Items]
Distribution Made to Limited Partner, Distributions Declared, Per Unit				$ 0.425
Distribution Made to Limited Partner, Cash Distributions Declared		$ 5,100

Summarized Quarterly FInancia35

Summarized Quarterly FInancial Data (unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended																12 Months Ended
	Dec. 31, 2016		Sep. 30, 2016		Jun. 30, 2016		Mar. 31, 2016		Dec. 31, 2015		Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Equity income from investment in Cheniere Partners	$ 5,085		$ 5,084		$ 5,085		$ 5,084		$ 5,085		$ 5,084		$ 5,085		$ 5,084
Net income	$ 4,522		$ 4,342		$ 4,441		$ 4,493		$ 4,556		$ 4,556		$ 4,509		$ 4,552		$ 17,798	$ 18,173	$ 18,141
Net income per common share—basic and diluted	$ 0.02	[1]	$ 0.02	[1]	$ 0.02	[1]	$ 0.02	[1]	$ 0.02	[1]	$ 0.02	[1]	$ 0.02	[1]	$ 0.02	[1]	$ 0.08	$ 0.08	$ 0.08
[1]	The sum of the quarterly net income per common share may not equal the full year amount as the computations of the weighted average common shares outstanding for basic and diluted shares outstanding for each quarter and the full year are performed independently.