Cheniere Energy Partners has published its financial results from the second quarter of 2021, alongside an update on its Sabine Pass Liquefaction Project.
The Houston-based company posted net income of $395m and $742m for the three and six months ended June 30, 2021, respectively. Its adjusted pretax earnings came to $690m and $1.5bn for the three and six months ended June 30, 2021, respectively.
Net income decreased by $11m during the three months ended June 30, 2021 as compared to the three months ended June 30, 2020, primarily as a result of cancelled LNG cargoes during the three months ended June 30, 2020 of $228m, which was partially offset by increased revenue from increased volume of LNG delivered between the periods.
Cheniere Partners owns the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, which has natural gas liquefaction facilities consisting of five operational liquefaction Trains and one additional Train under construction, with a total production capacity of approximately 30 million tonnes per annum (mtpa) of LNG.
The Sabine Pass LNG terminal also has operational regasification facilities that include five LNG storage tanks, vaporizers, and two marine berths with a third marine berth under construction. Cheniere Partners also owns the Creole Trail Pipeline, which interconnects the Sabine Pass LNG terminal with several large interstate pipelines.
As of July 31, 2021, approximately 1,350 cumulative LNG cargoes totaling over 90 million tonnes of LNG have been produced, loaded, and exported from the SPL Project.
For more information visit: www.cheniere.com