Cheniere Energy Partners 10-Q 4 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 01, 2018
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-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		231,700,000

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Current assets
Cash and cash equivalents	$ 1,516	$ 659
Other current assets	344	55
Total current assets	1,860	714
Deferred tax asset, net	3,812	0
Other non-current assets	73	0
Total assets	5,745	714
Current liabilities
Accounts payable and accrued liabilities	468	76
Shareholders’ equity
Common shares: unlimited shares authorized, 231.7 million shares issued and outstanding at March 31, 2018 and December 31, 2017	664,931	664,931
Director voting share: 1 share authorized, issued and outstanding at March 31, 2018 and December 31, 2017	0	0
Additional paid-in-capital	(271,757)	(271,757)
Accumulated deficit	(387,897)	(392,536)
Total shareholders’ equity	5,277	638
Total liabilities and shareholders’ equity	$ 5,745	$ 714

Consolidated Balance Sheets Par

Consolidated Balance Sheets Parentheticals - shares	Mar. 31, 2018	Dec. 31, 2017
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 Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
Equity income from investment in Cheniere Partners	$ 119,936	$ 5,084
Expenses
General and administrative expense	349	346
General and administrative expense—affiliate	269	264
Total expenses	618	610
Income before income taxes	119,318	4,474
Income tax provision	3,488	0
Net income	$ 122,806	$ 4,474
Net income per common share—basic and diluted	$ 0.53	$ 0.02
Weighted average number of common shares outstanding—basic and diluted	231,700	231,700
Cash dividends declared per common share	$ 0.510	$ 0.020

Consolidated Statement of Share

Consolidated Statement of Shareholders' Equity - 3 months ended Mar. 31, 2018 - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Common Stock, Shares, Outstanding, Beginning of Period at Dec. 31, 2017	231,700,000	231,700,000
Total shareholders' equity, beginning of period at Dec. 31, 2017	$ 638	$ 664,931	$ (271,757)	$ (392,536)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends to shareholders	(118,167)	0	0	(118,167)
Net income	$ 122,806	$ 0	0	122,806
Common Stock, Shares, Outstanding, End of Period at Mar. 31, 2018	231,700,000	231,700,000
Total shareholders' equity, end of period at Mar. 31, 2018	$ 5,277	$ 664,931	$ (271,757)	$ (387,897)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities
Net income	$ 122,806	$ 4,474
Adjustments to reconcile net income to net cash used in operating activities:
Income from equity investment	(119,936)	(5,084)
Deferred income taxes	(3,812)	0
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	391	19
Accrued liabilities—affiliate	0	264
Other, net	(361)	(211)
Net cash used in operating activities	(912)	(538)
Cash flows from investing activities
Distributions from equity investment	119,936	5,084
Cash flows from financing activities
Dividends paid to shareholders	(118,167)	(4,634)
Net increase (decrease) in cash and cash equivalents	857	(88)
Cash and cash equivalents—beginning of period	659	219
Cash and cash equivalents—end of period	$ 1,516	$ 131

Nature of Business

Nature of Business	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	NATURE OF BUSINESS We are a limited liability company formed by Cheniere (NYSE American: LNG) to hold its limited partner interests in Cheniere Partners, a publicly traded limited partnership (NYSE American: CQP). Our only business consists of owning and holding Cheniere Partners’ limited partner common 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. We expect to have no significant assets or operations other than those related to our interest in Cheniere Partners. As of March 31, 2018 , we owned a 48.6% limited partner interest in Cheniere Partners.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	BASIS OF PRESENTATION The accompanying unaudited Consolidated Financial Statements of Cheniere Holdings have been prepared in accordance with 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 and should be read in conjunction with the Consolidated Financial Statements and accompanying notes included in our annual report on Form 10-K for the year ended December 31, 2017 . 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 months ended March 31, 2018 are not necessarily indicative of the results of operations that will be realized for the year ending December 31, 2018 . Accounting for Investment in Cheniere Partners We have determined that Cheniere Partners is a variable interest entity. As of both March 31, 2018 and December 31, 2017 , we owned a 48.6% 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. 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. 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 . The carrying amount is also adjusted to reflect the distributions received from Cheniere Partners and accretion of basis differences resulting from our proportionate share of the net assets of Cheniere Partners exceeding the carrying value of our investment in Cheniere Partners as a result of changes in our liquidation rights and priorities following the conversion of our interests in Cheniere Partners from Cheniere Partners Class B units (“Class B units”) into common 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 March 31, 2018 and December 31, 2017 and had suspended the use of the equity method for additional losses. Equity method losses that we incur increase the suspended loss amount and equity method income decrease the suspended loss amount. Distributions we receive from Cheniere Partners increase the suspended loss amount. Only upon recovery of all suspended losses through future earnings will equity income or loss be reported on our Consolidated Statements of Income and future distributions and our allocated share of income or losses impact the carrying amount of our investment in Cheniere Partners. After giving effect to our equity ownership in Cheniere Partners as though we had acquired the Cheniere Partners units as a result of a merger of entities under common control, along with activity impacting the basis of our investment in Cheniere Partners, we had suspended losses of approximately $740 million and $785 million as of March 31, 2018 and December 31, 2017 , respectively. The difference between our reported zero investment in Cheniere Partners as of both March 31, 2018 and December 31, 2017 and our ownership in Cheniere Partners’ reported net assets was due primarily to suspended losses and equity gains from Cheniere Partners’ sales of common units that were not recognized by us. Included in this balance is a remaining basis difference of approximately $219 million as of March 31, 2018 associated with Class B unit conversion which is being accreted into the suspended loss account over a remaining period of approximately 31.3 years corresponding to the remaining estimated useful lives of the underlying net assets of Cheniere Partners to which the basis difference has been assigned. Due to our zero investment balance in, and suspended losses of, Cheniere Partners as of both March 31, 2018 and December 31, 2017 , we have historically and will continue to recognize distributions that we receive as a gain on our Consolidated Statements of Income until recovery of all suspended losses.

Capitalization

Capitalization	3 Months Ended
	Mar. 31, 2018
Stockholders' Equity Note [Abstract]
Capitalization	CAPITALIZATION Our authorized capital structure consists of common shares and the Director Voting Share . None of our owners shall be liable for our debts, liabilities or obligations beyond such owner’s capital contribution. At March 31, 2018 , our issued capitalization consisted of 231.7 million common shares, of which 191.5 million common shares were owned by Cheniere and its affiliates and 40.2 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 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 Partners

Investment in Cheniere Partners	3 Months Ended
	Mar. 31, 2018
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 As of March 31, 2018 , we owned 104.5 million common units. The common units 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 As of March 31, 2018 , we owned 135.4 million subordinated units. 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 Fourth Amended and Restated Agreement of Limited Partnership of Cheniere Partners, dated as of February 14, 2017. The subordinated units were not entitled to receive distributions until all common units had received at least the initial quarterly distribution, including any arrearages that were accrued. Cheniere Partners did not make any cash distributions on its subordinated units with respect to the quarter ended June 30, 2010 through the quarter ended June 30, 2017, but resumed making cash distributions with respect to the quarter ended September 30, 2017.

Summarized Financial Informatio

Summarized Financial Information for Cheniere Partners	3 Months Ended
	Mar. 31, 2018
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 and cash distributions of Cheniere Partners. The following tables are summarized Consolidated Statements of Income and Consolidated Balance Sheets information for Cheniere Partners. Additional information on Cheniere Partners’ operating results and financial position are contained in its quarterly report on Form 10-Q for the quarter ended March 31, 2018 , which is included in this filing as Exhibit 99.1 and incorporated herein by reference. Summarized Cheniere Partners Consolidated Statements of Income Information (in millions) (unaudited) Three Months Ended March 31, 2018 2017 Revenues (including transactions with affiliates) $ 1,593 $ 891 Operating costs and expenses (including transactions with affiliates) (1,085 ) (672 ) Other expense (173 ) (172 ) Net income $ 335 $ 47 Summarized Cheniere Partners Consolidated Balance Sheets Information (in millions) March 31, December 31, 2018 2017 (unaudited) Current assets $ 2,065 $ 2,139 Non-current assets 15,400 15,414 Total assets $ 17,465 $ 17,553 Current liabilities $ 649 $ 829 Non-current liabilities 16,091 16,085 Partners’ equity 725 639 Total liabilities and partners’ equity $ 17,465 $ 17,553

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2018
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 officers who are also officers of Cheniere. In addition, we pay directly for, or reimburse Cheniere for, certain third-party general and administrative expenses. 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 $0.3 million during each of the three months ended March 31, 2018 and 2017 . 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 net operating loss (“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	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	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. Our federal 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 will be recorded as an equity distribution. At the end of 2017, we were in an overall net deferred tax asset position for federal and state tax purposes prior to the application of the valuation allowance. Based on the income realized in the current quarter and our projected forecast for income throughout the remainder of 2018, we expect to transition from a net deferred tax asset position to a net deferred tax liability position over the course of 2018 for federal tax purposes. However, we expect to remain in an overall net deferred tax asset position for state tax purposes prior to the application of the valuation allowance. As a result, we recorded a $2.8 million income tax provision offset by a $6.3 million discrete income tax benefit. The estimated discrete income tax benefit was recorded as a result of the retroactive reinstatement of the investment tax credit that had expired on December 31, 2016. We are not presently a taxpayer for federal income tax purposes as a result of our ability to utilize prior year NOL carryforwards.

Distributions Received and Divi

Distributions Received and Dividends Paid	3 Months Ended
	Mar. 31, 2018
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 three months ended March 31, 2018 and 2017 : Date Paid Period Covered by Distribution Distribution Per Common Unit Distribution Per Subordinated Unit Total Distribution Received (in thousands) February 14, 2018 October 1 - December 31, 2017 $ 0.500 $ 0.500 $ 119,936 February 13, 2017 October 1 - December 31, 2016 0.425 — 5,084 On April 27, 2018 , Cheniere Partners declared a $0.55 distribution per common unit and subordinated unit for the period from January 1, 2018 to March 31, 2018 . The distribution attributable to our interest in Cheniere Partners, totaling $131.9 million , is to be paid to us on May 15, 2018 . We have used the 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 three months ended March 31, 2018 and 2017 : Date Paid Period Covered by Dividend Dividend Per Share Total Dividend Paid (in thousands) March 1, 2018 October 1 - December 31, 2017 $ 0.510 $ 118,167 February 28, 2017 October 1 - December 31, 2016 0.020 4,634

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation, Policy	The accompanying unaudited Consolidated Financial Statements of Cheniere Holdings have been prepared in accordance with 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 and should be read in conjunction with the Consolidated Financial Statements and accompanying notes included in our annual report on Form 10-K for the year ended December 31, 2017 . In our opinion, all adjustments, consisting only of normal recurring adjustments necessary for a fair presentation, have been included.
Accounting for Investment in Cheniere Partners, Policy	Accounting for Investment in Cheniere Partners We have determined that Cheniere Partners is a variable interest entity. As of both March 31, 2018 and December 31, 2017 , we owned a 48.6% 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. 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. 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 . The carrying amount is also adjusted to reflect the distributions received from Cheniere Partners and accretion of basis differences resulting from our proportionate share of the net assets of Cheniere Partners exceeding the carrying value of our investment in Cheniere Partners as a result of changes in our liquidation rights and priorities following the conversion of our interests in Cheniere Partners from Cheniere Partners Class B units (“Class B units”) into common 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 March 31, 2018 and December 31, 2017 and had suspended the use of the equity method for additional losses. Equity method losses that we incur increase the suspended loss amount and equity method income decrease the suspended loss amount. Distributions we receive from Cheniere Partners increase the suspended loss amount. Only upon recovery of all suspended losses through future earnings will equity income or loss be reported on our Consolidated Statements of Income and future distributions and our allocated share of income or losses impact the carrying amount of our investment in Cheniere Partners. After giving effect to our equity ownership in Cheniere Partners as though we had acquired the Cheniere Partners units as a result of a merger of entities under common control, along with activity impacting the basis of our investment in Cheniere Partners, we had suspended losses of approximately $740 million and $785 million as of March 31, 2018 and December 31, 2017 , respectively. The difference between our reported zero investment in Cheniere Partners as of both March 31, 2018 and December 31, 2017 and our ownership in Cheniere Partners’ reported net assets was due primarily to suspended losses and equity gains from Cheniere Partners’ sales of common units that were not recognized by us. Included in this balance is a remaining basis difference of approximately $219 million as of March 31, 2018 associated with Class B unit conversion which is being accreted into the suspended loss account over a remaining period of approximately 31.3 years corresponding to the remaining estimated useful lives of the underlying net assets of Cheniere Partners to which the basis difference has been assigned. Due to our zero investment balance in, and suspended losses of, Cheniere Partners as of both March 31, 2018 and December 31, 2017 , we have historically and will continue to recognize distributions that we receive as a gain on our Consolidated Statements of Income until recovery of all suspended losses.

Summarized Financial Informat16

Summarized Financial Information for Cheniere Partners (Tables)	3 Months Ended
	Mar. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Condensed Financial Statements	The following tables are summarized Consolidated Statements of Income and Consolidated Balance Sheets information for Cheniere Partners. Additional information on Cheniere Partners’ operating results and financial position are contained in its quarterly report on Form 10-Q for the quarter ended March 31, 2018 , which is included in this filing as Exhibit 99.1 and incorporated herein by reference. Summarized Cheniere Partners Consolidated Statements of Income Information (in millions) (unaudited) Three Months Ended March 31, 2018 2017 Revenues (including transactions with affiliates) $ 1,593 $ 891 Operating costs and expenses (including transactions with affiliates) (1,085 ) (672 ) Other expense (173 ) (172 ) Net income $ 335 $ 47 Summarized Cheniere Partners Consolidated Balance Sheets Information (in millions) March 31, December 31, 2018 2017 (unaudited) Current assets $ 2,065 $ 2,139 Non-current assets 15,400 15,414 Total assets $ 17,465 $ 17,553 Current liabilities $ 649 $ 829 Non-current liabilities 16,091 16,085 Partners’ equity 725 639 Total liabilities and partners’ equity $ 17,465 $ 17,553

Distributions Received and Di17

Distributions Received and Dividends Paid (Tables)	3 Months Ended
	Mar. 31, 2018
Distributions Received and Dividends Paid [Abstract]
Schedule of Distributions Received	The following provides a summary of distributions received from Cheniere Partners during the three months ended March 31, 2018 and 2017 : Date Paid Period Covered by Distribution Distribution Per Common Unit Distribution Per Subordinated Unit Total Distribution Received (in thousands) February 14, 2018 October 1 - December 31, 2017 $ 0.500 $ 0.500 $ 119,936 February 13, 2017 October 1 - December 31, 2016 0.425 — 5,084
Schedule of Dividends Paid	The following provides a summary of dividends paid by us during the three months ended March 31, 2018 and 2017 : Date Paid Period Covered by Dividend Dividend Per Share Total Dividend Paid (in thousands) March 1, 2018 October 1 - December 31, 2017 $ 0.510 $ 118,167 February 28, 2017 October 1 - December 31, 2016 0.020 4,634

Nature of Business (Details)

Nature of Business (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Cheniere Partners [Member]
Nature Of Business [Line Items]
Limited Partners ownership percentage	48.60%	48.60%

Basis of Presentation (Details)

Basis of Presentation (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2018USD ($)members	Dec. 31, 2017USD ($)
Cheniere Partners [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Limited Partners ownership percentage	48.60%	48.60%
Equity Method Investments	$ 0	$ 0
Suspended losses	740,000,000	$ 785,000,000
Difference Between Carrying Amount and Underlying Equity Due to Class B Unit Conversion	$ 219,000,000
Difference Between Carrying Amount and Underlying Equity Due to Class B Unit Conversion, Remaining Accretion Period	31 years 4 months
GP HoldCo [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Variable Interest Entity, Ownership Percentage	0.00%
GP HoldCo [Member] | Cheniere Partners GP [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
General Partner ownership percentage	100.00%
Cheniere Partners GP [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number Of Members Of The Board Of Directors | members	11
Cheniere Partners GP [Member] | Cheniere Holdings [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number Of Members Of The Board Of Directors | members	4
Cheniere [Member] | Cheniere Holdings [Member] | 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]
Noncontrolling Interest, Ownership Percentage by Parent	25.00%

Capitalization (Details)

Capitalization (Details)	Mar. 31, 2018shares
Common Stock [Member]
Schedule of Capitalization, Equity [Line Items]
Shares, Issued	231,700,000
Public Ownership of Cheniere Holdings, shares	40,200,000
Common Stock [Member] | Cheniere [Member] | Cheniere Holdings [Member]
Schedule of Capitalization, Equity [Line Items]
Shares Owned By Cheniere	191,500,000
Director Voting Share [Member] | Cheniere [Member] | Cheniere Holdings [Member]
Schedule of Capitalization, Equity [Line Items]
Shares Owned By Cheniere	1

Investment in Cheniere Partne21

Investment in Cheniere Partners (Details) shares in Millions	3 Months Ended
	Mar. 31, 2018Rateshares
Common Units [Member] | Cheniere Partners [Member]
Schedule of Equity Method Investments [Line Items]
Partners Capital Account, Units, Units Held	104.5
Subordinated Units [Member] | Cheniere Partners [Member]
Schedule of Equity Method Investments [Line Items]
Partners Capital Account, Units, Units Held	135.4
Cheniere Partners [Member] | Subordinated Units [Member]
Schedule of Equity Method Investments [Line Items]
Partnership Units, Conversion Ratio into Common Units | Rate	1

Summarized Financial Informat22

Summarized Financial Information for Cheniere Partners (Details) - Cheniere Partners [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Schedule of Equity Method Investments [Line Items]
Revenues (including transactions with affiliates)	$ 1,593	$ 891
Operating costs and expenses (including transactions with affiliates)	(1,085)	(672)
Other expense	(173)	(172)
Net income	335	$ 47
Current assets	2,065		$ 2,139
Non-current assets	15,400		15,414
Total assets	17,465		17,553
Current liabilities	649		829
Non-current liabilities	16,091		16,085
Partners’ equity	725		639
Total liabilities and partners’ equity	$ 17,465		$ 17,553

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Related Party Transaction [Line Items]
General and administrative expense—affiliate	$ 269,000	$ 264,000
Management Services Agreement [Member] | Cheniere [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Committed Annual Fee	1,000,000
Related Party Transaction, Quarterly Fee	250,000
General and administrative expense—affiliate	$ 269,000	$ 264,000
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 (Details)

Income Taxes (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Income Tax Disclosure [Abstract]
Income tax provision	$ 2.8
Income tax benefit	$ 6.3

Distributions Received and Di25

Distributions Received and Dividends Paid (Details) - USD ($) $ / shares in Units, $ in Thousands	May 15, 2018	Apr. 27, 2018	Mar. 01, 2018	Feb. 14, 2018	Feb. 28, 2017	Feb. 13, 2017	Mar. 31, 2018	Mar. 31, 2017
Schedule of Distribution Received and Dividend Paid [Line Items]
Total Distribution Received							$ 119,936	$ 5,084
Dividend Per Share			$ 0.510		$ 0.020
Total Dividend Paid			$ 118,167		$ 4,634
Cheniere Partners [Member]
Schedule of Distribution Received and Dividend Paid [Line Items]
Total Distribution Received				$ 119,936		$ 5,084
Cheniere Partners [Member] | Common Units [Member]
Schedule of Distribution Received and Dividend Paid [Line Items]
Distribution Per Unit				$ 0.500		$ 0.425
Cheniere Partners [Member] | Subordinated Units [Member]
Schedule of Distribution Received and Dividend Paid [Line Items]
Distribution Per Unit				$ 0.500		$ 0
Subsequent Event [Member] | Cheniere Partners [Member]
Schedule of Distribution Received and Dividend Paid [Line Items]
Distribution Made to Limited Partner, Cash Distributions Declared	$ 131,900
Subsequent Event [Member] | Cheniere Partners [Member] | Common Units [Member]
Schedule of Distribution Received and Dividend Paid [Line Items]
Distribution Made to Limited Partner, Distributions Declared, Per Unit		$ 0.55
Subsequent Event [Member] | Cheniere Partners [Member] | Subordinated Units [Member]
Schedule of Distribution Received and Dividend Paid [Line Items]
Distribution Made to Limited Partner, Distributions Declared, Per Unit		$ 0.55