EXHIBIT 99.1

  Cheniere Energy Partners Declares Quarterly Distribution of $0.425

    HOUSTON--(BUSINESS WIRE)--Oct. 18, 2007--Cheniere Energy Partners,
L.P. (AMEX:CQP) today declared a cash distribution per common unit of
$0.425 ($1.70 annualized) payable on November 14, 2007, to unitholders
of record as of November 1, 2007.

    Cheniere Energy Partners, L.P. owns 100 percent of the Sabine Pass
LNG receiving terminal currently being constructed by Cheniere in
western Cameron Parish, Louisiana on the Sabine Pass Channel.
Additional information about Cheniere Energy Partners, L.P. may be
found on its website: www.cheniereenergypartners.com.

    US Income Tax Withholding on MLP Distributions Received by Non-US
Unitholders

    Publicly traded partnerships that earn net income in a calendar
year that is effectively connected with the conduct of a US trade or
business are generally required to withhold US income tax from
distributions paid to foreign persons. The portion of our quarterly
cash distributions that are paid by Cheniere Energy Partners, L.P. to
foreign persons will generally be subject to US withholding tax.
Nominees receiving quarterly cash distributions from us that are
otherwise subject to US income tax withholding which are to be paid
directly to (or for the account of) any foreign person directly by
such nominees, are treated as the tax withholding agent with respect
to our quarterly cash distributions and the obligation to withhold tax
from such distributions will be imposed solely on such nominees.

    We have determined that the minimum quarterly cash distributions
received by foreign persons in 2007 are exempt from US income tax
withholding under applicable Internal Revenue Service guidelines.
Nominees receiving quarterly cash distributions from us on behalf of
foreign persons in 2007 may rely on this determination in meeting
their withholding tax obligations for the 2007 calendar year. We will
provide similar guidance to nominees on an annual basis as required
under the applicable Internal Revenue Service guidelines.

    This press release contains certain statements that may include
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934. All statements, other than statements of historical facts,
included herein are "forward-looking statements." Included among
"forward-looking statements" are, among other things, (i) statements
regarding Cheniere Energy Partners' business strategy, plans and
objectives and (ii) statements expressing beliefs and expectations
regarding the development of Cheniere Energy Partners' LNG receiving
terminal business. Although Cheniere Energy Partners believes that the
expectations reflected in these forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties, and
these expectations may prove to be incorrect. Cheniere Energy
Partners' actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in Cheniere Energy
Partners' periodic reports that are filed with and available from the
Securities and Exchange Commission. You should not place undue
reliance on these forward-looking statements, which speak only as of
the date of this press release. Other than as required under the
securities laws, Cheniere Energy Partners does not assume a duty to
update these forward-looking statements.

    CONTACT: Cheniere Energy, Inc.
             Vice President Investor Relations
             Katie Pipkin, 713-375-5110
             or
             Manager Investor Relations
             Christina Cavarretta, 713-375-5104